Is the Eurozone Doomed?

“The Eurozone is doomed and cannot survive in its current form, regardless of what happens to Greece, a major new study shows. New research demonstrates that members of the single European currency are becoming more economically divergent, making a single rate of interest increasingly unsuitable for the bloc” (Telegraph, June 21, 2015). “Political, social and cultural differences will also make it increasingly hard for the euro members to share a currency.

Eventually, the Eurozone will have to either ‘integrate or disintegrate’, the analysis says… While many of the countries that joined the Euro were indeed converging before 1999, the study suggests, they began to diverge afterwards. By some measures, the Eurozone economies are now more divergent than at any time since 1982” (ibid.). Further, in order to make the euro work, “Eurozone states should cede more powers to EU institutions, including to a euro area treasury to be set-up in the next 10 years, according to a new report on further integration in the single currency area” (EU Observer, June 22, 2015).

The make-up of the Eurozone will continue to change until its final end-time formation. Bible prophecy states this will result in ten kings operating with “one mind, and they will give their power and authority to the beast” (Revelation 17:13). Ultimately, “these will make war with the Lamb [the returning Jesus Christ], and the Lamb will overcome them” (v. 14). For more information on the future of Europe, read our booklet The Beast of Revelation.