RE: [FamilyofGod] HOW THE CURRENT CRISIS IN EUROPE WILL BE RESOLVED
God wants everyone to know without him there is no stability. To learn to live within ones means is good, but tiey need God.
-----Original Message-----
Date: Wednesday, June 29, 2011 9:13:35 pm
To: "Bruce Porteous" <bruceport@xtra.co.nz>
From: "Bruce - Yahoo" <bruceporteous50@yahoo.co.nz>
Subject: [FamilyofGod] HOW THE CURRENT CRISIS IN EUROPE WILL BE RESOLVED
*_HOW THE CURRENT CRISIS IN EUROPE WILL BE RESOLVED_*
Europe is rapidly approaching its D-Day -- unless there are major
changes of the economic and political structures that currently exist in
the Eurozone the dream of a united Europe will unravel, and once again
the European States breaking up into separate entities scrabbling
amongst themselves.
The financial problems of Greece, Italy, Spain, Italy, Portugal, Belgium
and Ireland are a result of a flawed economic model, trying to solve
their short-term financial problems with borrowed money.It was a mistake
to believe that nations could have independent fiscal policies if they
belong to a single currency. As they no longer have the ability to
create credit to finance their deficits, they must adjust to live within
their incomes, or borrow money. When they no longer do either they are
in trouble.What we have in the Eurozone now is not a sustainable
economic model, which only will survive if changes are made
quickly.Lending mone
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