Tuesday, September 28, 2010

Spain Imposes Budget Cuts as EU Commission Seeks Control Over National Budgets

“Premier Jose Luis Zapatero told a stunned nation that public sector pay will be reduced by 5pc this year and frozen in 2011. ‘We must make an extraordinary effort,’ he said.”

Pensions will not be increased, the €2,500 baby bonus will be cancelled, regional subsidies will be slashed and infrastructure projects will be put on ice.

“Commission president Jose Barroso unveiled plans for EU control over national budgets, including an incendiary demand that Brussels should vet budgets before their first reading in Westminster, the Bundestag, and other parliaments. Current account deficits and credit growth will be monitored. Brussels can [impose] sanctions on states that let [budgets] run out of control. ‘We must get to the root of the problems,’ he said.”

Germany is already the defacto ruler of the European Union by virtue of the fact that it has the largest economy. If the EU central government gains the authority to approve national budgets, it will be Germany that will be the ultimate decider of other nation’s budgets.

As Europe works through the financial crisis of its economically weaker members, they are gradually losing what sovereignty they have left. Behind Germany is the Holy See. Germany owes its allegiance to the Vatican for engineering its reunification in conjunction with the United States in the late 1980s by their joint efforts to bring down Eastern European Communist governments. While Papal power in Europe is not yet mature, it is well on its way through Europe’s leading member nations. Greece and other weaker eurozone nations in in the process of being made vassal states.

For a global religion to be implemented (Revelation 13:8), Rome first has to gain control of the old world. She is in the process of patiently establishing a firm grip on the European Union just as prophecy predicted.

“Romanism in the Old World and apostate Protestantism in the New will pursue a similar course toward those who honor all the divine precepts.” Great Controversy, pg. 615.

EU imposes wage cuts.