Frenchmen and Greeks say NO to Germany

Trouble is brewing in the Eurozone. Voters in France and Greece sent an angry message to Germany on Sunday in a powerful backlash against the German-led cure for the region’s debt crisis: agonizing austerity.

A voter backlash to “German austerity” has brought down leaders in Italy, Spain, Ireland, Portugal and now France and Greece. In Europe, the rapidly changing political landscape is creating instability as the region struggles to end a debt crisis that has loomed over the global economy for three years.

In France, voters elected Francois Hollande into the nation’s highest office bringing the Socialists back to power for the first time in 17 years. France’s new president vowed to focus on economic growth, arguing that the emphasis on spending cuts has weighted down Europe with extreme unemployment.

Furious voters in Greece sent a message to traditional parties that they are seething over the government’s backing of a German-led austerity fix. There is a scramble going on in Greece to form a new government. If Greece falls out of the Euro zone it could send a panic throughout the financial markets…impacting the U.S. stock market.

One thing is for certain. Many nations resent Germany. But they must understand, it is Germany that is economically healthy. It is Germany that mostly provides the money to keep these nations from financial collapse. To some degree Europe will have to abide by German dictates or face even greater economic hardship.

Europe is a strange mix of ethnic groups, nations, languages and cultural approaches. Daniel the prophet describes the end-time superpower of a European beast as a mix of iron and clay…people who unite but only for a short time. Their differences are just too great to maintain unity for long:

“You looked, O king, and there before you stood a large statue-an enormous, dazzling statue, awesome in appearance. The head of the statue was made of pure gold, its chest and arms of silver, its belly and thighs of bronze, its legs of iron, its feet partly of iron and partly of baked clay (Daniel 2:31-33).

Steven LeBlanc

comment closed

© 2020 World Watch Today
Sitemap | Website by Noble Image