THE EURO DOLLAR MAY COLLAPSE!

A financial collapse may take place in Europe before it happens in America! And if so, this would really point to prophetic statements from Scripture! The euro is under pressure, with a renewed attack Monday, as a French bank speculated that the currency union would inevitably collapse. The economic collapse of Greece may also take place soon. That nation is about to falter under bad economic practices.    It would be an economic blow to Europe if the nations of Europe tried to bail out the currency of Greece. By November, the euro could sink from $1.5 to $1.3, traders in the U.K. noted. Greece hit a 12.5 deficit in 2009 and a debt of 72 percent this year and on into 2011. Details of a bail out are supposedly being now hammered out.    Martin Feldstein, a former adviser to President Ronald Reagan, said the euro system was just not working. "There's too much incentive for nations to run up big deficits as there is no feedback until a crisis arises." And of course the same thing is driving American economics. The average person does not believe that a collapse is possible, but the world may soon be in for a shock that would bring about bread lines in both Europe and America before we could react! – Greg Brown (Mar., 10)