Is the EU at risk of collapse?

EU Council President Herman Van Rompuy recently warned that the “EU is in a survival crisis… the eurozone and the European Union itself are fighting for their life as a result of the ongoing sovereign debt shocks, most recently in Ireland and Portugal… if the eurozone does not survive, neither will the EU.”

While Mr. Van Rompuy believes the EU will overcome the financial crisis, other economists are not so sure.  Christoph Weil, a Frankfurt economist states, “In the short-term, no country will leave the euro. But in the long scenario, in 15 to 20 years’ time, maybe we will see another EU and another currency area. I think the ‘euro’ name will have to be changed” (EUObserver.com, November 16, 2011. Emphasis ours). Others “don’t think the current membership in the euro is written in stone” but could split up into “the core and the periphery” by “cutting off the gangrene-stricken western and southern fringes in order to keep the central part functioning” (The Times, November 21, 2010).  

The threatening break-up of the 17-nation eurozone is sobering in light of Bible prophecies about an end-time Beast-like power comprised of 10 nations or regions that will arise in Europe just before Jesus Christ returns to establish the Kingdom of God (Daniel 2:41-43; Revelation 17:7-13). What we see developing in Europe appears to be part of a chain of events that God will use to fulfill His end-time prophecies.

For more information on this vital topic, obtain a free copy of our booklet, The Beast of Revelation.