Bible In The News

When one considers the European debt crisis; including the EU Greek bailout, the recent bailout of Ireland, the almost inevitable bail out of Portugal, and with Spain another likely potential for a debt crisis, one may consider the European project in danger. Indeed many are openly stating that the Euro could be finished. The Guardian Newspaper in the UK reported that: "The German chancellor, Angela Merkel, has warned for the first time that her country could abandon the euro if she fails in her contested campaign to establish a new regime for the single currency..." However Simon Derrick, chief currency strategist at Bank of New York Mellon was quoted by the Economist as saying: "Not only do we find it difficult to imagine how a nation could disentangle itself from the single currency... but we also take seriously the fact that the Maastricht Treaty envisioned entry into the euro as being irrevocable" So while it seems unlikely that the Euro or European project will end, it does seem that the European Union