Prophecy

Displaying items by tag: Eurozone

Friday, 01 June 2018 06:39

EU Facing Judgment Day

Italy’s new Government puts another strain on Brussels.

The wave of populism continues to sweep across Europe with Italy being the latest nation to feel its ‘people power’ unsettling the political establishment. But it is not only Rome that is fearing radical change: the shockwaves are reaching Brussels and shaking the EU. The past week has been one of turbulence in Italy with the anti-establishment Five Star Movement (M5S) doing a deal with the right-wing anti-immigration League after more than 12 weeks of haggling.

The two parties nominated Giuseppe Conte, a professor of law with no political experience, as Prime Minister and Paolo Savona – a fierce opponent of the Euro – as Finance Minister. Both were overruled by the President who refused to appoint them. President Mattarella was widely reported to be following instructions from Brussels with particular pressure from Germany. A compromise has been reached with Conte remaining as Prime Minister but Savona being moved to Minister for European Affairs and Giovanni Tria – who favours remaining in the Eurozone – becoming Finance Minister.

But Italy’s new populist Government still presents a headache for Brussels because both M5S’s leader Luigi Di Maio and the League’s Matteo Salvini – now Deputy Prime Ministers - are strongly Eurosceptic and have declared that the Euro is not good for Italy. The President’s intervention, far from steering Italy into calmer waters, enraged voters who support these two parties precisely because they are anti-EU and anti-establishment.

Justified Anger

The rise of the populist parties reflects the justified anger at the political class both in Rome and in Brussels. Italy has 30% of young people unemployed and more than 20% unemployment in the southern half of the country. Vital reforms have not been carried out by previous governments and the situation has been greatly exacerbated by the flow of immigrants coming across the Mediterranean from North Africa.

The shockwaves of populism are reaching Brussels and shaking the European Union.

Appeals to the EU for help with the migrant crisis have been ignored; so too have the desperate needs for tackling corruption and improving the country’s education and youth services. Italy’s economy has not grown for the past two decades, which has caused the people at last to rise up and say “Enough is Enough! We will not have these people ruling over us any longer!” Historically, this has been the cry of oppressed people throughout the ages.

The new Coalition, due to be sworn in today, plans to increase spending, cut taxes and disperse half a million immigrants across the Eurozone - to the horror of Brussels! The new populist Government in Italy takes power at the same time as Britain concludes its negotiations for exiting the European Union – all putting additional strain on the EU that could result in the collapse of the whole enterprise of a united Europe.

Resentment and Revolt

Even if Italy does not abandon the Euro, the shockwaves of its new populist Government’s policies will be enough to shake the EU to its foundations. Italy is the fourth largest economy in Europe and their national debt is already at 132% of GDP. No nation can go on spending more than it earns without courting disaster. But that is what Italy’s new Coalition plans to do – to increase spending massively in order to give a living wage to the poorest families which could send the Euro spinning out of control.

The plain fact is that Italians are contemptuous of their political establishment and of the Brussels hierarchy. In particular, they deeply resent the power exercised by Germany. They saw the brutal treatment of Greece by Germany’s bankers last year which was in line with the way the Nazis dealt with Greece in the Second World War. The Italians are determined that this is not going to happen to them. They want to shake off the power of the EU over them.

Even if Italy does not abandon the Euro, its new populist Government’s policies will be enough to shake the EU to its foundations.

Last week there was talk of impeaching the President for refusing to recognise the democratic will of the people. But this would have resulted in a General Election which was the last thing that Italy’s President or the EU wanted, because public opinion was swinging increasingly to the populists who could have won an increased majority. That is the strength of the populist movement sweeping the country, with its strong nationalist and anti-immigration sentiment which is likely to strengthen the same movement throughout Europe.

Demand for Justice

The demands of the people for justice and righteousness cannot be ignored for ever. There is something in our human nature that recognises corruption, lies, oppression and injustice as wrong. Perhaps it is because we are created in the image of the God of the Bible, who abhors these things. Truth, righteousness and justice are part of the nature of God, but corruption and lies are the works of the devil – the father of lies.

It looks as though the European Union is facing judgment day. The warning shots fired by Britain through Brexit and the many calls for reform from other nations across Europe have all been ignored by the liberal postmodernist intelligentsia that rules Brussels, enjoying wealthy lifestyles and practising oppression and corruption.

There is something in our human nature that recognises corruption, lies, oppression and injustice as wrong.

The populist movement is probably not a paragon of virtue! But God often uses imperfect instruments to accomplish his purposes. He even used Cyrus the Persian to deliver his people from Babylon. One thing the Bible makes abundantly clear is that God hates injustice and corruption. Here is a selection of verses from the biblical prophets that illustrate this:

Woe to those who call evil good and good evil, who put darkness for light and light for darkness…Who acquit the guilty for a bribe, but deny justice to the innocent. (Isa 5:20-23)

Go up and down the streets of Jerusalem, look around and consider, search through her squares. If you can find but one person who deals honestly and seeks the truth I will forgive this city. (Jer 5:1)

Sow for yourself righteousness, reap the fruit of unfailing love…But you have planted wickedness, you have reaped evil, you have eaten the fruit of deception because you have depended on your own strength. (Hos 10:12-13)

They sell the righteous for silver, and the needy for a pair of sandals. They trample on the heads of the poor as upon the dust of the ground and deny justice to the oppressed. (Amos 2:6-7)

Woe to those who plan iniquity…They covet fields and seize them, and houses, and take them. They defraud a man of his home, a fellow man of his inheritance. Therefore, says the Lord: I am planning disaster against this people. (Mic 2:1-3)

Maybe the word of the Lord to the EU today is similar to that which he pronounced against Israel when their leaders were steeped in corruption:

Therefore, this is what the Holy one of Israel says: because you have rejected this message, relied on oppression and depended on deceit, this sin will become for you like a high wall, cracked and bulging, that collapses suddenly in an instant. (Isa 30:12)

Published in Editorial
Friday, 13 November 2015 06:12

In or Out of Europe?

Is Euroscepticism a sign of a deeper dissatisfaction with the direction in which Britain is heading?

Over the next few months the question of whether Britain should be in or out of Europe is no doubt going to occupy a great deal of the news media. David Cameron's publication of the demands that he intends presenting to the European Council were a surprise only for the mildness of what he expects to achieve.

Mild Demands

In his letter to European Council President Donald Tusk, the Prime Minister set out his four key objectives for the re-negotiation of Britain's place in Europe. They are: –

  1. Protection of the single market for Britain and other non-Euro countries
  2. Boosting competitiveness by setting a target for the reduction of the 'burden' of red tape
  3. Exempting Britain from 'ever-closer union' and bolstering national parliaments
  4. Restricting EU migrants' access to in-work benefits such as tax credits

With such a mild set of demands an impartial observer could be forgiven for wondering what all the fuss is about! In any case, to get any meaningful changes in the EU's governing treaties before 2017, when Cameron has promised a referendum, is quite impossible. His demands are far too modest to satisfy those who want to see substantial differences in Britain's relationship with Europe.

The demands will be formally debated by the EU leaders at a summit next month, although no doubt most of the EU leaders were already well aware of what our Prime Minister is asking. He has had extensive talks with Angela Merkel, who has already indicated that she would go a long way to make concessions that will keep Britain in the EU - provided nothing infringes on the free movement of people within the Union.

Battle for Greater Independence

One thing David Cameron has already made clear to the rest of Europe is that Britain is totally opposed to any closer political union within the EU. But whether he can achieve greater independence and - in particular – freedom to control our own borders, is very doubtful. Perhaps the greatest danger is that the EU leaders will collectively conspire to make the achievement of even the smallest concessions look extremely difficult so that Cameron is able to claim a magnificent victory in the face of fierce opposition.

David Cameron might have made it clear that Britain opposes closer political union within the EU, but will he manage to achieve greater independence for the UK?

Our Prime Minister could then put his 'hard-won' victory to the British people and achieve a 'Yes' vote for staying in the EU without actually ever having achieved what the Eurosceptics want – greater independence so that we can make our own laws and re-gain our national sovereignty, for which we fought two world wars. They want to be able to trade with Europe without being under the heel of Brussels.

Deeper Dissatisfaction

But is there not a deeper reason why so many people want freedom from the European Union? A recent poll reported on the Conservative Home website says that more than two-thirds of Conservative Party members are likely to vote for Britain to leave the EU. Why is this? What is making people so dissatisfied with the present situation?

Could the reason for this dissatisfaction be the vague sense of having lost our national heritage? The older generation, in particular, has lived through the most incredible period of social change in our history. The changes have not only been in technology and scientific discovery that have given us space travel, the internet, heart transplantations and weapons of mass destruction; but also radical changes to our whole culture and national way of life. It is now hard to define 'British values'– what it is to be British.

What is making people so dissatisfied with the present situation? Could it be the vague sense of having lost our national heritage – what it means to be British?

Change of Pace

Even our humour and entertainment have changed beyond all recognition in the past decade or so - as looking at old films from the 1970s or 80s confirms. I was never very keen on films such as the 'Carry On' series, but at least they were harmless slapstick nonsense - although many of their subjects would fall foul of our politically correct restrictions today. Moreover, you could take the children to see them without blushing at the filthy language that litter so many films and TV programmes today!

Many of today's Eurosceptics are really looking for 'the good old days' when life was a lot simpler and the pace was not so hectic. One of my friends who works on a TV news programme told me the other day that she has on average 500 emails a day! I usually have 40 or 50 a day (plus 2 or 3 scam phone calls) but even that I find a drain on my time and a huge test of my patience and endurance!

Abandoned Foundations

We are not going to be able to put the clock back or make radical changes to our national way of life whether we stay in the EU or whether we wave goodbye. The plain fact is that as a nation we have abandoned the most valuable part of our heritage that has been part of the foundations of this nation for hundreds of years. What I'm referring to is our biblical heritage: the values and principles that were enshrined in the nation that gave us freedom and justice and schools and hospitals and welfare programmes. Rights and obligations were built into our unwritten national code: respect for other people, plus honesty, truthfulness, integrity, faithfulness, loyalty, love and generosity.

All these things were part of being a good citizen; they were taught in church and school, so that they became part and parcel of being 'British'. They were taken for granted as part of the national character. This is what we have lost through the onslaught of secular humanism and the aggressive campaigning of cultural anarchists who care nothing for truth and integrity, but care only for themselves and the achievement of their destructive objectives – especially destroying family life.

Our biblical heritage enshrined principles of freedom and justice into our nation – but we have taken these things for granted as part of 'British' character, and now they are being lost.

Spiritual Rebirth

Whether we stay in the EU or get out may not make much difference to the cultural life of the nation. The only way to bring about fundamental change is through a spiritual rebirth: the rediscovery of the spiritual dynamic that can set us free from the powers of darkness that are driving us towards an ever greater national catastrophe. Our young people are being threatened by indoctrination with evil and corrosive values that, if left unchecked, will spread a social cancer across the nation. Many people no longer recognise ultimate values of truth and integrity but are being seduced by the nihilistic hedonism of the age.

But the tide could still be turned if all the Christians in Britain would be active in sharing their faith! Angela Merkel recently spoke of her strong evangelical Christian faith and called upon German Christians to be more active in speaking about their faith with their new Muslim neighbours coming from the Middle East in such large numbers. It would be great to hear more of this kind of witness from our national leaders.

Published in Editorial
Friday, 21 August 2015 11:29

The Greek Crisis and Biblical Regulations

Is the Greek banking crisis really over, or have they just kicked the can down the street? Does the new bailout bring real hope or just delay the day of reckoning? Clifford Hill believes biblical principles hold the answer...

The problems facing Greece raise much wider issues that affect all of Europe because there are biblical principles that should have been applied: and if they had been applied the whole situation would have been very different.

All the nations in Europe have a Christian heritage. Their shared belief system based upon the Bible should have enabled a common approach to financial dealings. It is because the European nations have abandoned their Christian foundations and lost their biblical heritage that they are in such trouble today."

Lending and Borrowing in Scripture

The Bible sets out clear rules for lending money. "If one of your countrymen becomes poor and is unable to support himself among you, help him as you would an alien or temporary resident, so that he can continue to live among you. Do not take interest of any kind from him, but fear your God so that your countryman may continue to live among you. You must not lend him money at interest or sell him food at a profit. I am the Lord your God, who brought you out of Egypt to give you the land of Canaan and to be your God" (Lev 25:35).

Surely that could not be clearer? Within the family of Israel, despite all the differences of tribes and clans, there had to be just one rule for everyone. If anyone became in need of help, through illness, accident, or a bad harvest, or even through mismanagement of resources, he and his family had to be helped by the rest of the community. There were no exceptions to this. They were one family of people with a shared belief in God and a shared covenant relationship with God, which created a shared relationship with each other. Therefore they had mutual obligations within the family of Israel.

Those who had resources were to help those who were in need. If they cared for one another in this way they would all prosper and they would enjoy a healthy society where no one was exploited and the whole nation benefited. Indeed, the exploitation of the poor and needy by the rich and powerful was forbidden.

No Blame

The regulation given to Israel in Leviticus 25 does not lay blame on how someone became poor. It simply states "If one of your countrymen becomes poor and is unable to support himself" then he must be helped. That becomes a sacred obligation because it is an out-working of the covenant relationship within the nation of Israel, because of her relationship with God.

Our biblical heritage should guide Europe's thinking, so that when one nation becomes poor that nation should be lent money by the other nations of Europe without interest. There would, of course, be an obligation to repay the amount loaned. The biblical principle is stated in Psalm 37:21 "The wicked borrow and do not repay, but the righteous give generously".

The bailout that was reached last month was the worst possible solution for the people of Greece and only makes them poorer. Already they have 60% unemployment among their young people. This deal, with its increased austerity, will make things worse, driving people into hopelessness and despair. It is a cruel exercise of power of which Germany and France are the chief perpetrators.

Historically both these nations have a record of trying to dominate Europe and rule their neighbours.

  • Napoleon was defeated 200 years ago at the 1815 Battle of Waterloo
  • Bismarck tried and failed to conquer Europe by force of arms in 1870
  • The Kaiser tried the same tactic in 1914 with the resultant deaths of millions of men
  • Hitler tried to enslave the rest of Europe in 1939 with disastrous results

Have the Germans and the French really learned that power should be used to promote the common good; not to oppress others, especially their brothers and sisters in the Christian faith? However, we live in post-Christian Europe where biblical values have been abandoned and even the Church relies on interest on its investments!

Different Theological Interpretations

Ironically, although usury (money-lending at interest) was forbidden among the Jewish community, the Bible does not forbid lending to those outside that community. The teaching of Jesus was "And if you lend to those from whom you expect repayment, what credit is that to you? Even sinners lend to sinners, expecting to be repaid in full. But love your enemies, do good to them, and lend to them without expecting to get anything back. Then your reward will be great, and you will be children of the Most High, because he is kind to the ungrateful and wicked" (Luke 6:34-35).

The Catholic Church interpreted this to mean that those who lend should not expect anything in return – not even the original loan. This discouraged any lending. Consequently, the Jews became the money lenders for the Christian community across Europe in the Middle Ages. The Protestant Church similarly forbade usury, but Calvin argued that lending at low interest should be allowed and that the prohibition should be against 'extortionate' interest.

Protestant Work Ethic

His influence extended to German sociologist Max Weber – one of the fathers of Sociology - who noted the distinction between the culture of northern European and southern European nations. In his analysis he noted that the most powerful influence was religion – the differences between Protestantism on the one hand and Roman Catholicism and Greek Orthodoxy on the other. He noted that Catholic and Orthodox beliefs were largely controlled by priests who had great influence over the people.

By contrast, the Protestant nations followed the teaching of the Apostle Paul that each individual believer should work out their own salvation by seeking a personal relationship with God, to whom they are primarily responsible for the stewardship of the spiritual gifts and physical resources they have been given. Weber believed that it was this fundamental difference in religious belief within Christianity that accounted for the difference in national culture between Europe's northern and southern nations.

German sociologist Max Weber argued that religion has powerfully shaped European culture, creating a divide between the northern Protestant nations on the one hand, and the southern Catholic and Orthodox nations on the other."

He noted that the northern nations were driven by what he called the "Protestant Work Ethic" which promoted industrialisation and the maximisation of resources, and included an aesthetic element which prevented them from simply consuming the profits of their labour. They ploughed the surplus back into their business enterprises which became increasingly profitable; whereas people in the southern nations of Europe were not driven by such ambition and were simply content to live life from day-to-day.

This cultural difference still exists in Europe today, particularly among the older generation. Many Greeks remember the Nazis' brutal treatment during the Second World War and that legacy sours the relationship between Greece and Germanythe two countries. Young people are much more influenced by the secular humanist ideology that is circulating freely across Europe and the Western nations. They do not share the faith of their parents or grandparents so they live with a different world-view which is less nationalistic. They accept a different set of values and are not even aware of the biblical values that laid the foundations of all the nation-states of Europe.

Road to Financial Bondage

The traditional north-south European religious divide, as Weber showed, still underpins the Greek crisis as German efficiency is contrasted with perceived Greek fecklessness.
The Germans look upon the Greeks as inferior and lazy people who should be treated harshly and made to conform to northern European standards. The German press day after day vilifies the Greeks. They are determined to impose their Protestant Work Ethic culture upon the people whom they once physically enslaved.

Angela Merkel and her fellow politicians have certainly learned that military might is not the best way of achieving their objectives, but the principle of oppression and the brutal exercise of power leading to enslavement (in this case financial bondage) is the same.

The traditional north-south divide still underpins the Greek crisis, as German efficiency is contrasted with perceived Greek fecklessness."

Biblical principles governing finance show that to profit from the enslavement of others is the worst of crimes! But this is what the euro nations are doing to Greece – they are virtually enslaving them! What they don't realise is that they are creating a situation that will bring disaster, not just upon Greece, but upon the whole of Europe. Unrighteousness has a day of reckoning! Europe is stoking up a mountain of debt in Greece that will become a volcano which will eventually erupt and pour its lava across Europe because the whole system is built upon unrighteousness, exploitation, and enslavement.

Justice in Right Relationships

God has built into his Creation principles of justice. When they are ignored they bring disaster upon those who defy the truth that it is right relationships which bring prosperity and well-being. Michael Schluter in his book After Capitalism – Rethinking Economic Relationships says that the current financial crisis is a result of a sustained culture of debt which is based upon 'reward without responsibilities', 'investment without involvement' and 'profit without participation'.1

In all our dealings, whether of a financial or social nature, the most important thing is our relationship with others. Ezekiel, the Prophet of the exile in Babylon, taught the people about the importance of right relationships with God and with each other. Ezekiel 18:16-18 says that the righteous man: "does not oppress anyone or require a pledge for a loan. He does not commit robbery but gives his food to the hungry and provides clothing for the naked. He withholds his hand from mistreating the poor and takes no interest or profit from them. He keeps God's laws and follows his decrees."

These are the biblical principles which establish righteous financial policies based upon just and merciful relationships which the nations of Europe should be following. This would ensure justice for the poor in times of hardship and shared prosperity. These biblical principles are already there in the Christian heritage of Europe which has been largely abandoned in the age of secularism that has swept the Continent. The only real hope for the future prosperity of Europe is to reassert the principles of righteousness in our biblical heritage.

 

References

1 Jubilee Centre, Cambridge, 2012, p24.

Published in World Scene
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