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The Euro-What do you think is happening, is this prophetic

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August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Poll
Question: Whats the plan for the euro  (Voting closed: December 14, 2011, 02:58:14 am)
Collapse the euro before Chritmas - 0 (0%)
Collapse the euro before this time next year - 1 (25%)
Add a stronger currency to absorb the mess - 0 (0%)
Collapse the whole world financial structure soon to implement the mark(revelation) - 2 (50%)
Not clear from prophecy whats happening - 1 (25%)
Total Voters: 2

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Author Topic: The Euro-What do you think is happening, is this prophetic  (Read 8878 times)
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« Reply #240 on: April 27, 2013, 10:01:30 pm »

Southern Europe’s Recession Threatens to Spread North
  Published: Friday, 26 Apr 2013 | 1:37 AM ETBy: Jack Ewing
  http://www.cnbc.com/id/100676316

No company symbolizes German industrial might like Daimler, the giant maker of Mercedes-Benz autos and trucks. So when the company said this week that it, too, had finally been caught in the downdraft of the European economic crisis, it was an ominous sign for all of the Continent, if not the whole world.

German exporters like Daimler have been bastions of stability on a continent burdened with shaky banks, dysfunctional governments and legions of unemployed youth — not to mention the worst auto industry slump in two decades. But Daimler's glum forecast for 2013 was the latest evidence that Germany, and other relatively healthy countries like Austria and Finland, risk falling into the recession that has long afflicted their southern neighbors.

The slowdown in Germany was foreshadowed by months of declining industrial output, said Carl B. Weinberg, chief economist of High Frequency Economics in Valhalla, N.Y. "The E.U. has made Europe a much more cohesive economy, which is good when things are going up," he said. "But when things are going down the multiplier is very strong. An outgoing tide lowers all ships."

The region's overall economic weakness as well as slowing demand in China and other big markets for German exports of consumer products, cars and sophisticated machine tools, industrial robots and construction equipment are finally taking their toll.

Just one more consecutive quarter of shrinking economic output and Germany would officially enter a recession. The same is true of Belgium, France, Luxembourg, Austria, even Sweden and Finland. The Netherlands has already suffered two quarters of declining gross domestic product.

Further evidence of the spreading European recession came Thursday, first from Madrid, where the Spanish government reported that unemployment had reached a record level: 27.2 percent. Then new economic data from London indicated that Britain had barely avoided slipping back into recession for the third time since 2008.

"The reality is that Europe still faces severe vulnerabilities that — if unaddressed — could degenerate into a stagnation scenario," David Lipton, first deputy managing director of the International Monetary Fund, said in London on Thursday.

If Germany slips into recession, much would slide down with it. Germany and the other 26 countries of the European Union together represent the world's second-largest economy and as a bloc it is the single largest United States trading partner. The further delay in Europe's recovery that a German recession would cause would seriously hamper growth in the United States, Asia and Latin America.

What growth remains in the region is coming mostly from countries in Eastern Europe. Poland is protected by its large domestic market and a healthy banking system. After a severe downturn that began in 2008, growth is rebounding in the Baltic nations of Estonia, Lithuania and Latvia. In that recession, wages fell, real estate prices dropped and banks worked through the painful process of improving their financial condition.

Unemployment there is by no means low, but those countries benefit by being the low-wage economies of Europe. They continue to attract investment of capital. It also helps that those economies, because they do not use the euro as their currency, can adjust their currency more easily to changing economic conditions in the rest of the world. Their economic planners have more policy tools than simply adjusting interest rates.

In Germany, there is little overt sign of crisis. Unemployment is 5.4 percent compared with an average of 10.9 percent in Europe. Nevertheless, polls show businesses are growing pessimistic. "The German market cannot decouple from this environment," Bodo K. Uebber, the Daimler chief financial officer, told analysts Wednesday.

The problem for the rest of Europe is that any hope for recovery is pinned on a robust German economy. Companies in Spain and Italy have depended on German demand to compensate for a collapse in consumer spending in their own countries.

"In my area there are some enterprises that work 100 percent to serve Germany," said Mario Moretti Polegato, the founder and chief executive of Geox, a shoemaker based in Montebelluna, Italy, near Venice.

Geox, known for shoes with waterproof but breathable soles, sells its products around the world and is not dependent on any one market. Still, Italy accounted for 35 percent of the company's total revenue last year, and those sales fell 15 percent as Italy remained stuck in a recession that began in mid-2011.

Geox sales in Germany helped to offset the decline, Mr. Polegato said by telephone. Germany is also a critical market for his family's wine business, which sells bubbly prosecco under the Villa Sandi and La Gioiosa brands. "The first market is Germany," Mr. Polegato said. That is true for most winemakers in the Veneto region, he said.

The worst case, said Mr. Weinberg, the economist, would be a depression caused by the failure of political leaders to fix the region's many weak banks and restore the flow of credit.

The worsening economic situation has raised hopes that the European Central Bank will come to the rescue, as it has so often since 2010 when the debt crisis began in the euro zone, the 17 countries in the European Union that use the euro. Somewhat perversely, the dismal economic news this week prompted a rally in stocks and bonds, as investors bet that the unexpectedly bad business surveys would prod the central bank to lower interest rates.

Economists now expect the bank to cut its benchmark rate to a record low of 0.5 percent from 0.75 percent when it meets on Thursday in Bratislava, the capital of Slovakia, another of the few euro zone countries still growing.

Many business people would welcome a cut because it would tend to lower the value of the euro compared with the dollar and other major currencies, and make it easier for European exporters to sell their comparatively cheaper products abroad.

"It would be a sign that policy makers understand it is time to find a way to compete," said Marco Tronchetti Provera, chief executive of the Italian tire maker Pirelli.

But it is unlikely that a rate cut would address a more fundamental problem in the euro zone: the lack of credit in countries that need it most.

Extraordinary measures by the central bank, including virtually unlimited loans to euro zone banks at the rock-bottom official interest rate, have not trickled down to help corporate borrowers in countries like Spain or Italy. The lack of credit is particularly vexing for the small and medium-size companies that are too small to raise money on the bond market and thus depend on banks.

Signs of a spreading recession are also strengthening the position of those people who argue that countries like Portugal, Spain and Greece should not be compelled to cut government spending so quickly. They say countries that have budget surpluses, like Germany, should increase spending to stimulate demand.

"The fiscal compact is going to kill Europe," said Mr. Provera of Pirelli, referring to the agreement among euro zone members to reduce deficit spending.

Mr. Provera reflects the growing sentiment among leaders like José Manuel Barroso, president of the European Commission, that policy should be more oriented toward growth and not just budget cutting.
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