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Noted economic historian Niall Ferguson observed in a recent interview that the only real solution to Europe’s financial crisis is a full fiscal union—a true United States of Europe—that would be unquestionably under the leadership of the financial powerhouse, Germany. Ferguson believes Europe could limp along for a while with Greece falling into step with EU demands and Germany digging deeper into its wealthy pockets. However, he states that while “I am not a federalist… the costs of the single currency disintegrating are really so high and would impact so many people, that the only responsible thing for me to do is to argue urgently for the next step to a federal Europe. I see no alternative at the moment that isn’t a great deal worse” (Sunday Times, May 20, 2012).
These sobering observations echo ancient Bible prophecies that have long foretold the rise of a German-led European Beast power comprised of “ten kings” or nations (Daniel 2:41-43; Revelation 17:12-17). It is sobering to see the ancient prophecies coming to pass and to realize that God is bringing to pass what He has predicted in His word (Isaiah 46:8-11). For more on this fascinating topic, see our article Resurgent Germany: A Fourth Reich?