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The Greeks can't make the payments
The Greek government has informed its creditors that they can't make their loan payments.
from: http://rt.com/business/261605-greece-imf-debt-payment/
What that boils down to is a crisis in the Eurozone (not all countries in the EU use the Euro as their currency). Which in turn means a crisis in the EU itself, it's unity. This is what I think is going to necessitate a revision in the current EU government toward federalization - and that ten leader form, which the little horn will emerge.
I would like to keep this thread focused on the European little horn view. There is another thread on Bible news geared toward the Muslim/middle east little horn view.
The Greek government has informed its creditors that they can't make their loan payments.
from: http://rt.com/business/261605-greece-imf-debt-payment/
Greece will not be able to make next tranche of debt repayment to the International Monetary Fund (IMF), as the country has no money to pay, the Interior Minister said.
"The four installments for the IMF in June are 1.6 billion euros ($1.8 billion), this money will not be given and is not there to be given," Nikos Voutsis told Greek Mega TV's weekend show on Sunday.
Asked about the timing of talks on repayment, Voutsis said that they may be extended until the end of June or early July.
His statement comes as Greek Finance Minister Yanis Varoufakis said that Athens have made "enormous strides" at reaching a deal with its international creditors.
"It is now up to the institutions to do their bit. We have met them three-quarters of the way, they need to meet us one-quarter of the way," he told the BBC's Andrew Marr show on Sunday.
According to Varoufakis, it would be "catastrophic" if Greece left the euro, saying that it would be "the beginning of the end of the common currency project.”
What that boils down to is a crisis in the Eurozone (not all countries in the EU use the Euro as their currency). Which in turn means a crisis in the EU itself, it's unity. This is what I think is going to necessitate a revision in the current EU government toward federalization - and that ten leader form, which the little horn will emerge.
I would like to keep this thread focused on the European little horn view. There is another thread on Bible news geared toward the Muslim/middle east little horn view.
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