Greece Troubles Europe

Steven LeBlanc

04052015

German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras

The Greek government is in a hazardous position. It needs money to pay its debt obligations and is running out of choices. Greek leaders will have to introduce painful measures to secure European funding and bargain with its creditors — its most stubborn creditor being Germany.

In the face of this swelling crisis, Greek Prime Minister Alexis Tsipras and his Syriza party are trying to hold together a parliamentary majority and sustain public support. To do so, Tsipras has to demonstrate strength in negotiations with Germany. This means combining Greek patriotism with anti-German threats. Members of the Syriza government have called for a referendum on a eurozone pullout. Germany fears a pullout could start an exit from the European Union by other countries, starting with Spain. Tsipras has entered into bilateral talks with Russia, a move to show the EU that Greece has other options..

Another Greek line of attack is to soften German creditors by bringing up Nazi reparations, implying that Germany is a debtor itself and has no right to press the Greeks with more austerity. Greeks passionately believe that it is Germany that owes Greece because of World War 2 atrocities against the Greek people.

Nazi Reparation payments

Reparation payment is a serious threat to Germany. Germany’s Angela Merkel must continue to maintain the perception of being a strong leader in negotiations over Greek debt. Berlin knows that making a payout to Greece could set a precedent that would refresh other European claims, particularly those of Poland and Italy. In a time of continuing crisis within the European Union, the issue of Germany’s guilt for the actions of the Nazi regime has received new notoriety, and, as nations within the EU grow more angry with German austerity measures, German reparation payments for Nazi atrocities will continue as a relentless topic of discussion.

The disagreement between Germany and Greece is troubling all of Europe and could cause the world’s stock markets to tumble. Should Greece leave the Eurozone, other nations may follow leading to a nasty economic shake-up that could send Europe back into recession.

It is God who sets up and takes down nations (Daniel 4:25; 5:21). Will the 28- member European Union fragment? Most likely that will take place sometime in the near future. Revelation 17 describes an end-time European power that consists of 10 leaders who give their power to a beast dictator who we believe will be European.

“The ten horns which you saw are ten kings who have received no kingdom as yet, but they receive authority for one hour as kings with the beast. These are on one mind, and they will give their power and authority to the beast”. (Revelation 17:12,13).

I continue to monitor Germany’s effort to reign in the erratic Greek leadership.

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