The Promise of His coming.
His commands to prepare and be worthy.
Statement of what is happening in the world in connection with the Second Coming of Our Lord and Saviour Jesus Christ.


Nuzul i Isa, Qiyamah, the Parousia of Jesus Christ Our Lord.


Rv:22:7

Behold I come quickly. Blessed is he that keepeth the words of the prophecy of this book.

Blog List

Eucharist in house churches Commanded by God

Eucharist in house churches Commanded by God - HE COMMANDS TO NOT HAVE ANYTHING TO DO WITH THE VATICAN WHICH HAS ALREADY BECOME TOTALLY APOSTATE AND DIABOLIC AT THIS POINT.

GO HERE:Traditional Catholic Prayers: Eucharist in house churches Commanded by God. To rise above the concerns of the world to the service of God.

The Justice of God: New Testament Prayer, Psalms Hymns and Canticles, and first century Communion in full




Traditional Catholic Prayers: Office of the Hours for the Week

Sayyidah Parousia

Watch and Pray Always

Watch and Pray Always as Our Lord and Saviour Jesus Christ commanded



Morning Prayer and through the day.







In the Name of the Father and the Son and the Holy Spirit. Amen.

Our Father Who are in heaven,
hallowed be your name,


O Lord Jesus Christ our only Lord and Saviour, living and reigning and ruling with God Our Father in the unity and power and bond of love of the Holy Spirit our Paraclete from heaven



your kingdom come,
your will be done
on earth as it is in heaven.


with and by the prayer and company and presence of the same all your elect angels and saints for and with us unceasingly,

especially Saint Michael and Saint Gabriel truly present with us, Saint Enoch in the flesh and Saint Elijah in the flesh your holy prophets yet to return their holy angels truly present with us,

the Holy Family especially blessed St. Joseph and the most Blessed Virgin Mary your mother Christ Jesus our only Lord and Saviour your half brothers and sisters in the flesh Christ Jesus our only Lord and Saviour the only mediator between God and man in the flesh most holy angel of almighty counsel, captain of the hosts of the Lord, going before us with all of your elect doxas, especially St. Michael and St. Gabriel truly present with us, unto all salvation and victory totally protecting and delivering us in all things at all times immediately unceasingly and now and always and unto the endless ages of ages to come;

with all thanksgiving, we love you for you first loved us, with all thanksgiving, thank you for You, for all your gifts and mercies to us, unceasingly: especially your all holy, almighty, gifts of our creation, your redemption of us, your gifts of your creation to us, Christ Jesus our only Lord and Saviour,

your life and teaching, your Incarnation, Conception, Birth in the flesh, your Epiphany, your Transfiguration, your most Holy Cross, Holy Blood, Holy Spirit, of you the Immortal son of the Father, Christ Jesus our only Lord and Saviour, your Resurrection, the only first born from the dead in the flesh, your Ascension, Assumption, in the same flesh, back to the Father’s bosom in the third heaven at his right hand in the unity and power and bond of love of the Holy Spirit our Paraclete, the gift of your Holy Spirit our Paraclete at Pentecost, and throughout all time and creation, indwelling us, bringing with him, you God Our Father and the Son Jesus Christ our only Lord and Saviour, unceasingly and now and always and unto the endless ages of ages to come,

your most holy Eucharist, which you alone God Our Father and the Son Jesus Christ our only Lord and Saviour and the Holy Spirit our Paraclete give to us,

Jesus Christ our only Lord and Saviour, infinitely pure and undefiled, truly made manifest again in the bread the wine and the water whom we receive in faith with all thanksgiving,

your Parousia, in the same flesh in which you came in your Incarnation and suffered for us and rose again in, in the future, at the end of this age, at the time known to you alone O Holy, Holy, Holy Lord God almighty, Blessed Trinity, Holy Unity, with all your elect angels, our resurrection in the flesh at the first resurrection of the just, our same spirits, souls and bodies reunited, we with all your elect angels and saints worshipping you, Jesus Christ our only Lord and Saviour, in the glory of God Our Father, in the unity and power and bond of love of the Holy Spirit our Paraclete, face to face unceasingly unto the endless ages of ages to come, for your spiritual gifts of food and drink,

for your simple gifts of food and drink, for all your gifts and mercies and this new day with all thanksgiving, we love you for you first loved us with all thanksgiving, blessed are You in all Your elect angels and saints, unceasingly and now and always and unto the endless ages of ages to come.



Your Holy Spirit come upon us and cleanse us,
Give us today our Supersubstantial bread,
and forgive us our debt,
as, in You Holy Spirit, we also forgive, those in Your body Jesus Christ Our Only Lord and Saviour, our debtors,




+

Against you, you alone, Jesus Christ our Only Lord and Saviour, have we sinned and done what is evil in your sight, forgive us our sins, purge us with hyssop and we shall be cleansed, wash us and we shall be made whiter than snow, make the bones you have numbered to rejoice. Come Holy Spirit cleanse us from all stain of spirit, soul, flesh, make us only one in You, as you are one in God Our Father, in You, You in us, Most Holy Lord God Pantocrator, Christ Jesus our Only Lord and Saviour, Who alone bought us in the flesh by Your most Holy Cross, Holy Blood, Holy Spirit, of You the Immortal Son of the Father, Christ Jesus Our only Lord and Saviour, infinitely pure and undefiled covering the whole world and cleansing the whole universe, Jesus Christ our Only Lord and Saviour the only first born from the dead in the flesh the only one Resurrected Ascended Assumed Bodily in the flesh and sitteth on the right hand of God Our Father in the third heaven in the unity and power and bond of love of the Holy Spirit our Paraclete Holy Holy Holy Lord God Pantocrator, with and by the prayer and company of the same all Your elect angels and saints for and with us unceasingly:



By Your most Holy Blood and Holy Spirit and this Your Most Holy Shield of You Christ Jesus Our Only Lord and Saviour invincible and inpenetrable, only-begotten Son of the Immortal Father covering the whole world cleansing the whole universe, in the Holy Spirit the Unity and Power and Bond of Love of the Father and the Son Jesus Christ, our only Lord and Saviour, covering, shielding, delivering, us unceasingly, save us, and now and always and unto the endless ages of ages to come: cleanse, shield, heal, guide, guard, keep, deliver and bless our households, your faithful departed blessed in Your bosom unceasingly with especially all of our faithful departed kinsmen after the flesh, and all of Your faithful throughout the earth; especially by Your Most Holy Eucharist, infinitely pure and undefiled, whom You alone Christ Jesus Our Only Lord and Saviour, God Our Father, Holy Spirit Our Paraclete give to us, Whom we alone receive in faith with all thanksgiving, indwelling us: our households, all of Your faithful upon earth and upon salvific confession in You God Our Father and the Son Jesus Christ Our Lord and Saviour and the Holy Spirit Our Paraclete all of Your lost sheep – unto all salvation eternal and temporal, Your presence God Our Father and the Son Jesus Christ Our Only Lord and Saviour and the Holy Spirit our Paraclete; Holy Blood of Christ Jesus, Holy Energy Holy Spirit Holy Wisdom of God Our Father and the Son Jesus Christ Our Only Lord and Saviour and the Holy Spirit Our Paraclete, indwelling us in our spirits souls bodies truly present with us and for us everywhere with and by the prayer and company and presence, especially St. Michael and St. Gabriel and St. Enoch and St. Elijah in the flesh – their holy angels, truly present with us and all of Your faithful, of all your elect angels and saints for and with us in all places, utterly perfectly forevermore in everything, everywhere in every detail, blessed here on earth in long life and good health, totally protected and delivered in all things at all times and totally cleansed, sanctified, strengthened, purified, vindicated in spirit soul body, our households totally delivered in all things at all times, all Your faithful and upon salvific confession in You God Our Father and the Son Jesus Christ Our Lord and Saviour and the Holy Spirit Our Paraclete all of Your lost sheep, totally delivered in all things at all times, Holy Blood of Christ Jesus – Jesus Christ Our Lord and Saviour, Most Holy Lord God Pantocrator in the flesh, Most Holy Angel of Almighty Counsel, Captain of the Hosts of the Lord, the Divine Almighty Warrior – St. Michael – St. Gabriel – with all your elect angels surrounding us, shielding us, going forth before us, no one interfering with us in anyway, absolutely nothing at all, all times past present future, totally delivered from all evil immediately forever.



and do not lead us into temptation,
but deliver us from the evil one and all it’s minions visible and invisible;
for yours is the power and the glory unto the endless ages of ages to come.



Leading us forth O Lord,

Drive far away our preternatural foe,

And Your abiding peace bestow;

If You be our preventing Guide,

No evil can our steps betide.





Bless our meetings, O Lord.
Utterly uproot all idolatry from the world.
Crush under our feet Satan.
Humble now, as at all times, the enemies of Your Church, You and us.

Lay bare their pride.
Speedily show them their weakness.
Bring to naught the wicked plots they contrive against us.
Arise, O Lord, and let Your enemies be scattered, and let all who hate Your holy name be put to flight.







with and by the prayer and company and presence of the same all your elect angels and saints for and with us unceasingly and now and always and unto the endless ages of ages to come cover, cleanse, shield, heal, guide, guard, keep, deliver and bless Your sheep, faithful and in salvific confession of You Christ Jesus Our Only Lord and Saviour, Your lost sheep, unto all salvation eternal and temporal, absolutely immediately utterly forevermore unceasingly and now and always and unto the endless ages of ages to come, save us.



Your good Spirit shall lead me in the land of uprightness; for Your Name's sake, O Lord, shall You quicken me.



In Your righteousness shall You bring my soul out of affliction, and in Your mercy shall You utterly destroy mine enemies. And You shall cut off all them that afflict my soul, for I am Your servant. For as You have been sanctified in us in their sight, so you shall be magnified among them in our presence, make them fall back as those did before You by Your presence unceasingly and never come near us everything and everybody in every way that means us any harm at all times and now and always and unto the endless ages of ages to come forevermore.



Come Holy Spirit Wisdom Energy Sanctifier Our Paraclete throughout the entire earth for the salvation of all of Your lost sheep and the deliverance of all of Your innocent and faithful, especially those in the worst of distress. Most Holy Lord God Almighty Abba Our Father, through You, beloved and Only Son of God, Our Only Lord and Saviour Jesus Christ, send forth Your Most Holy Spirit Our Paraclete, enkindle in our hearts the fire of Your love and we shall be created and You shall renew the face of the earth. Through Our Only Lord God Saviour King most Holy Pantocrator in the flesh Jesus Christ, the Divine warrior, Glory be to God Our Father and to the Son Jesus Christ Our Only Lord and Saviour and to the Holy Spirit Our Paraclete as it was before all time and creation, Creator and ruler over all, at the beginning of all time and creation, past present future and now and always unceasingly unto the endless ages of ages to come.





Prevented preventing from before all time and creation utterly invisible passing through the midst of all evil and all of our enemies thereof unharmed and untouched all of it bound and gone from us unceasingly for you LORD are not in any of that, neither are we, forevermore from before all time and creation: God Our Father and the Son Jesus Christ Our Only Lord and Saviour and the Holy Spirit Our Paraclete

Holy Blood of Jesus Christ, Holy Holy Holy Lord God Pantocrator, forevermore unceasingly, Olam Olam, Creator and Ruler over all, with and by the prayer and company and presence of all Your elect angels and saints for and with us unceasingly, at the beginning of all time and creation past present future and now and always and unto the endless ages of ages to come.





In the Name of the Father and the Son and the Holy Spirit. Amen.


The final Prayer before Communion

Especially for all of those in the vineyard of the Lord devastated by Ecumenism and Latin and Byzantine and Protestant Freemasonic irruptions of church and all the false gnostic nonsense permeating the Evangelical community and all other opposition to the True Gospel, all are welcome here on this site and to pray with us: Parousia of Jesus Christ Our Lord: Eternal faith and beliefs: Jesus Christ is the Truth




Holy, holy, holy Lord God Almighty, Who is and Who was and Who is to come

Let us praise and glorify Him forever.

Lord our God, You are worthy to receive praise and glory and honor and blessing

Let us praise and glorify Him forever.

The Lamb Who was slain is worthy to receive power and divinity and wisdom and strength, and honor and glory and blessing

Let us praise and glorify Him forever.

Let us bless the Father and the Son with the Holy Spirit:

Let us praise and glorify Him forever.

Bless the Lord, all you works of the Lord

Let us praise and glorify Him forever.

Sing praise to our God, all you His servants and you who fear God, the small and the great.

Let us praise and glorify Him forever.

Let heaven and earth praise Him Who is glorious

Let us praise and glorify Him forever.

And every creature that is in heaven and on earth and under earth and in the sea and those which are in them.

Let us praise and glorify Him forever.

Glory to the Father and to the Son and to the Holy Spirit:

Let us praise and glorify Him forever.

As it was in the beginning, is now, and will be forever. Amen.

Let us praise and glorify Him forever.

Let us pray:

All-powerful, most holy, most high, and supreme God:

all good,

supreme good,

totally good,

You Who alone are good; may we give You all praise, all glory, all thanks, all honor:

all blessing,

and all good things.

So be it.

So be it.

Amen.

O OUR most holy FATHER,

Our Creator, Redeemer, Consoler, and Savior

WHO ARE IN HEAVEN:

In the angels and in the saints,

Enlightening them to love, because You, Lord, are light

Inflaming them to love, because You, Lord, are love

Indwelling and filling them with happiness, because You, Lord, are the Supreme Good,

the Eternal Good

from Whom comes all good

without Whom there is no good.

HALLOWED BE YOUR NAME:

May our knowledge of You become ever clearer that we may know the breadth of Your blessings

the length of Your promises

the height of Your majesty

the depth of Your judgments.

YOUR KINGDOM COME:

So that You may rule in us through Your grace

and enable us to come to Your kingdom

where there is an unclouded vision of You

a perfect love of You

a blessed companionship with You

an eternal enjoyment of You.

YOUR WILL BE DONE ON EARTH AS IT IS IN

HEAVEN:

That we may love You with our whole heart by always thinking

of You

with our whole soul by always desiring You

with our whole mind by directing all our

intentions to You and by seeking Your

glory in everything

and with our whole strength by spending all our energies and affections

of soul and body

in the service of Your love

and of nothing else

and may we love our neighbors as ourselves

by drawing them all with our whole strength to Your love

by rejoicing in the good fortunes of others as well as our

own

and by sympathizing with the misfortunes of others

and by giving offense to no one.

GIVE US THIS DAY:

in memory and understanding and reverence

of the love which You in our Lord Jesus Christ had for us

and of those things which He said and did and suffered for us.

OUR DAILY BREAD:

Your own Beloved Son, our Lord Jesus Christ.

AND FORGIVE US OUR TRESPASSES:

Through Your ineffable mercy

through the power of the Passion of Your Beloved Son together with the merits and intercession of the Blessed Virgin Mary and all Your chosen ones.

AS WE FORGIVE THOSE WHO TRESPASS AGAINST

US:

And whatever we do not forgive perfectly, do you, Lord, enable us to forgive to the full

so that we may truly love our enemies and fervently intercede for them before You

returning no one evil for evil

and striving to help everyone in You.

AND LEAD US NOT INTO TEMPTATION

Hidden or obvious

Sudden or persistent.

BUT DELIVER US FROM EVIL

Past, present and to come.

Glory to the Father and to the Son and to the Holy Spirit

As it was in the beginning, is now, and will be forever. Amen.

Christmas the Birth of the Son of God Jesus Christ in the Flesh

Christmas the Birth of the Son of God Jesus Christ in the Flesh
Seek the Immortal Son of God the Messiah Jesus Christ - click on picture

Friday, July 11, 2014

The Mark, the Name, the Number of the beast and the Tower of Babel = Ecumenism: The Justice of God: The Beast $$$

The Mark, the Name, the Number of the beast and the Tower of Babel = Ecumenism: The Justice of God: The Beast $$$



The
Justice of God: The Beast $$$


See these (keep seeing the older entries in each link
until finished):









_________________________________


See this for
what is the formation and far reaching consequences of the United
Nations:


The
Justice of God: The United Nations - Satan's empire building


And see this, go
here -


Worldmark Encyclopedia of the
Nations - UNITED NATIONS
, Twelfth Edition.
Timothy L. Gall and Jeneen M. Hobby, Editors


Or Here



The United Nations core essence
is about Money. It was founded upon Pan European World Trade
Treaties, culminating in the 1956 Treaty of Rome. That governs GATT,
NAFTA and a huge raft of other treaties that control ALL trade on earth.
That operates through three centers: 1) Rome, Italy (the Aeur and the
Vatican) and 2) Davos, Switzerland (the Central European Bank has more
money and Gold and reach than any other financial institution on earth
by far) and 3) Brussells, Belgium (see below article on the Beast).


Fort
Knox was never more than a little Freemason outlier of European Central
Banking that was reeled in by Kuhn Loeb and the Federal Reserve a
century ago to serve the European Central Bank. The last of the Fort
Knox gold was shipped out of Fort Knox by the Federal Reserve banks and
sent to the World Trade Center building 7 vault and from there to
Switzerland JUST before 911 and the destruction of WTC 7. 911 was also
one of the last of the biggest bank robberies - the banks did the
robbing.


______________________________________

Thirst for Justice —
The beast of the Apocalypse





The Beast of the Apocalypse: 666

A gigantic self-programming computer


One will need the number of the Beast to
buy and sell [and one will be eternally damned for taking it]



by Gilberte Côté Mercier




The
beast of the Apocalypse is already set up in Brussels, Belgium: It is a
gigantic computer that makes its own programs. "By using three entries
of six digits each, each citizen of the whole world will be given a
distinct credit card number." Three entries of six digits each: 666.
Saint John's Apocalypse speaks of two
Beast of the sea and the Beast of the earth, that will make up the
"Antichrist" couple at the end of times. The commentators say that the
Beast comming from the sea is the political power, Satan's fearsome
ally. And the Beast coming from the earth is the power of money. The
Beast of the earth, the financial power,
"shall make all, both little and great,
rich and poor, freemen and slaves, to receive a mark on their right
hands, or on their foreheads, and that none might buy or sell, unless he
carried this mark, which was the beast's name, or the number that
stands for his name. Here is wisdom. He that has understanding, let him
count the number of the beast. For it is the number of a man: and the
number of him is six hundred and sixty-six."
(Apoc.
13:16-18)
Well! The number 666 is no longer a
mystery. We know that it refers to the gigantic computer that will be
the great controller of all the men of the earth for their purchases and
sales.
Following is a text from Moody Magazine,
that reveals to us where the International Financiers have led the
peoples so far, and in what slavery they propose to chain them.



From
moody Magazine

Dr. Hanrick Eldeman, Chief Analyst of the
Common Market Confederacy in Brussels, has revealed that a computerized
restoration plan is already under way to straighten out world chaos. A
crisis meeting in early 1974 brought together Common Market leaders,
advisers and scientists at which time Dr. Eldeman unveiled "the Beast".
The Beast is a gigantic three story computer
located in the administrative building of the headquarters of the
Common Market.
That monster is a self-programming computer
that has more than one hundred sources distributing entries. Experts in
programming have perfected a plan that will handle by computer all of
the world's trade.
This master plan would imply a system of
digital enumeration of each human being of the earth. Thus the computer
would give each inhabitant of the world a number to be used for each
purchase or sale, removing the problem of present credit cards. This
number would be invisibly tatooed by laser, either on the forehead or on
the back of the hand. This would establish a walking credit card
system. And the number could be seen only through infrared scanners,
installed in special verification counters or in business places.
666
Dr.Eldeman pointed out that by using three
entries of six digits each, every inhabitant of the world would be given
a distinct credit card number.
World Money
Other officials of the Common Market believe
that present chaos and disorder, due to a mysterious cause, show the
need of a world money, of an international print that would possibly put
an end to paper money and coins. In their place, credit notes would be
exchanged by the means of a world bank's clearing house.
No member could buy or sell without first
being given such a numbered imprint.
The directors of the Common Market are now
convinced that world order demands, on the allegiance of peace and
politics, a new world system of trade and numbering.
A single individual would have, within
reach, the number of any hinabitan instrument of peace or a weapon of
dictatorship.
When one of the leading heads of the Common
Market was asked what would happen if someone objected to the system and
refused to cooperate, he answered rather bluntly: "We would be obliged
to have recourse to force to bring him to conform to the new
requirements."
Henry Spaak, who was the founder of the
European Common Market, and General Secretary of NATO, said, in one of
his speeches:
"We don't want another committee, we already
have enough of them. What we want is a man of such stature that he be
capable to gain the allegiance of peace and politics to pull us out of
the economic chaos into which we are sinking. Send us this man, and, be
he god or demon, we will welcome him."


The Financiers: supreme masters
Today, through their economic control, the
Financiers prepare an absolute world political control.
They will rule universally and totally,
raised at the top of both civil powers united: politics and economics.
Europe's Common Market seems to be the first
step towards the world political government. And the electronic
computer will be that "man of such stature" that he may command, watch,
register, check, censor, punish all the men of all the nations, "each
human being of the earth". This computer is really much more than a man,
it is a heartless superman, with diabolic intelligence.
And the International Financiers, who know
well that they themselves control the money of the whole world, have the
nerve to talk about the "mysterious cause of actual chaos and
disorder". They make believe that they are looking for a means to pull
the peoples from the "economic chaos into which they are sinking," when
it is they, the bankers, who are the authors of the chaos, by the
control of money and by their plays with the currencies, a play that
makes countries tremble. The Canadian dollar goes down. The American
dollar too, in respect to the Asian and European currencies. But the
Canadian dollar is even lower than the American dollar. The Bank of
Canada comes to the rescue of the Canadian dollar. But that is not
enough, etc., etc.
All of that is International Bankers' games,
games of speculating financiers, games of swindlers. And worst yet,
they are games of controllers of human lives, games of dictators, of
tyrants of the peoples.
The swindling financiers are liars. They
have for a long time hidden the mystery of their scheme. And they would
want us to continue to swallow up their lies. Blessed are the Social
Crediters who see clearly through all of these diabolic manipulations,
leading the whole world to a slavery as was never seen in history.
And the true Social Crediters know,
furthermore, that if they place their trust in the Eternal Father, this
all powerful God will free the world from the snares of Satan.
Trust
in God and in the Rosary of the Immaculate.
The light of Social
Credit opens for us the door of that trust. And the apostolate of the
"Michael" Journal gives us the strength to endure everything in the
meantime, since we have hope.

Trust in
God and in the Rosary of the Immaculate.
Sounds good
but any connection with the Vatican is immersed totally with the
tentacles of the world banking consortium as well as total Apostasy from
God!



It is
Davos - Suisse (Switzerland) that day to day European Central Mega Bank
business is centered on. There is a reason that Switzerland hasn't been
invaded in centuries while the wars that are funded there rage all
around it. It is by design.



JAN
25, 2012

BNP says no more ground to give in Greek talks

DAVOS, Jan 25
(Reuters) – Financial markets’ sentiment towards the euro zone may have
turned the corner, but banks will offer no more concessions in crucial
talks to reduce Greece’s private sector debt, BNP Paribas chairman
Baudouin Prot said on Wednesday.
He said the
European Central Bank’s move to flood the banking sector with almost
half a trillion euros in short-term loans had helped to change the mood.
“I am a cautious optimist,” Prot told Reuters at
the World Economic Forum in Davos.
“We are
starting to see signs of a shift in sentiment towards Europe. The ECB
three-year financing facility was really a catalyst. We are on the right
track, but we need to keep moving forward.”
Greece
is hoping to wrap up tortuous negotiations this week on a bond swap
that aims to knock 100 billion euros ($130 billion) off its debt burden
when private creditors return to Athens for a fresh round of talks to
avert a chaotic default.
After weeks of
bargaining, deadlocks and an intervention by euro zone ministers, Greece
and its bondholders find themselves back at the drawing board as they
search for a compromise needed to clinch a bailout for Athens before it
runs out of money.
The focus of a
new round of talks is expected to be whether banks budge from what they
have billed as their “final offer” of a 4 percent coupon on the new
bonds that Greece will swap out for existing debt after euro zone
finance ministers rejected that proposal.
JAN
25, 2012

As euro crisis fears ease, focus turns to growth

DAVOS,
Switzerland, Jan 25 (Reuters) – There is a palpable sense of hope at the
annual Davos World Economic Forum that the euro zone is edging away
from the brink of catastrophe but business leaders say Europe’s woes are
still holding back a global recovery.
A
growth strategy is the missing ingredient in the policy cocktail that
euro zone leaders are mixing to save the currency bloc from break-up.
Without economic recovery, re-election will be tough for presidents in
Europe and beyond this year.
The 2,600
political and business leaders attending the five-day Davos Forum meet
against a backdrop of improved market sentiment driven by signs the euro
zone may escape recession and that intense market pressure on Italy and
Spain is easing.
Greece is
clinging to hope of a bond swap agreement to avoid a starker default,
although an agreement is far from assured. But markets seem relatively
unconcerned at the prospect of an enforced Greek default, seeing the
problem increasingly as a one-off event divorced from developments
elsewhere in the euro zone.
“There is an
increasing sense that Greece is different from the others and that the
contagion elsewhere could be contained,” Giles Keating, head of private
banking research at Credit Suisse, said ahead of the Forum’s first full
day on Wednesday.
“There is a sense
of political will and mechanical capability to do so,” he added.
Markets have rallied on promising signs from Europe
— the broad MSCI world equity index is up some 5 percent for the year
so far — but this rally appears to be losing steam and masks underlying
concerns about growth.
JAN
23, 2012

History repeats itself in euro crisis debt spat

PARIS (Reuters) –
There are weeks when it can sound as if the European sovereign debt
crisis is going round in circles.
Barbed
exchanges between Italian Prime Minister Mario Monti and German
Chancellor Angela Merkel carry echoes of a prolonged dialogue of the
deaf between Greece and Germany two years ago when Berlin was resisting
calls to bail out Athens.
Then as now, a
debt-stricken government pushing through spending cuts, tax rises and
economic reforms pleaded for lower interest rates and stronger European
(read German) support to convince citizens the pain is worthwhile.
Now as then, a chancellor constrained by public
hostility to bailouts and convinced only market pressure can keep
profligate nations on a path of righteousness is turning a deaf ear,
saying there is no need to act since no one is requesting aid.
The delay in acting to help Greece in early 2010
undermined financial market confidence in the 17-nation single European
currency, which has still not been wholly restored, and raised the cost
of the eventual rescue.
But it’s not all
deja vu, because Germany has far more confidence in Monti’s Italy than
it ever had in Greece.
As a result, EU
officials expect Merkel to relent and agree to a bigger European
financial firewall in March once euro zone leaders have signed two key
treaties sought by Berlin on budget discipline and the rules of a
permanent rescue fund.
JAN
23, 2012

Analysis: History repeats itself in euro crisis debt spat

PARIS (Reuters) –
There are weeks when it can sound as if the European sovereign debt
crisis is going round in circles.
Barbed
exchanges between Italian Prime Minister Mario Monti and German
Chancellor Angela Merkel carry echoes of a prolonged dialogue of the
deaf between Greece and Germany two years ago when Berlin was resisting
calls to bail out Athens.
Then as now, a
debt-stricken government pushing through spending cuts, tax rises and
economic reforms pleaded for lower interest rates and stronger European
(read German) support to convince citizens the pain is worthwhile.
Now as then, a chancellor constrained by public
hostility to bailouts and convinced only market pressure can keep
profligate nations on a path of righteousness is turning a deaf ear,
saying there is no need to act since no one is requesting aid.
The delay in acting to help Greece in early 2010
undermined financial market confidence in the 17-nation single European
currency, which has still not been wholly restored, and raised the cost
of the eventual rescue.
But it’s not all
deja vu, because Germany has far more confidence in Monti’s Italy than
it ever had in Greece.
As a result, EU
officials expect Merkel to relent and agree to a bigger European
financial firewall in March once euro zone leaders have signed two key
treaties sought by Berlin on budget discipline and the rules of a
permanent rescue fund.
DEC
14, 2011

Pressure for more ECB action after summit falls short

PARIS/FRANKFURT
(Reuters) – Pressure mounted on Wednesday for the European Central Bank
to intervene more decisively after financial markets judged that yet
another EU summit had failed to resolve the euro zone’s debt crisis.
But Germany’s powerful central bank chief, Jens
Weidmann, an influential voice in the ECB, made clear his opposition to
ramping up the ECB’s purchases of euro zone government bonds.
He also said the Bundesbank would only provide
fresh funds for the International Monetary Fund to help fight the euro
zone crisis if countries beyond Europe did so too.
The euro sank to an 11-month low against the dollar, stocks slid
and Italy had to pay a euro era record yield to sell 5-year bonds as
nervous investors awaited a possible credit rating downgrade for one or
more euro zone countries.
Rome had to pay
6.47 percent to sell 3 billion euros of bonds, up from a record 6.29
percent a month ago, highlighting fierce market pressure ahead of a year
in which Italy has a gross funding goal of 440 billion euros starting
in late January.
Ireland’s
European Affairs Minister, Lucinda Creighton, said last week’s summit
agreement among 26 European Union states, with Britain dissenting, to
negotiate a new fiscal pact to enforce EU budget rules more strictly was
not going to stop the crisis.
“Having the
fiscal compact in place by March is desirable but I don’t think it’s
going to save the euro,” she told reporters on a visit to Paris.
DEC
11, 2011

Analysis: Cameron puts Britain offside and offshore in Europe

LONDON (Reuters) –
David Cameron has put Britain offside and offshore in Europe.
In his failed last-minute quest for special
treatment over financial regulation, the prime minister has taken
Britain out of the room where decisions on the future of Europe will be
shaped.
The consequence could well be a
prolonged, bitter parting of the ways between the British and the rest
of the European Union, culminating in an acrimonious divorce in which
both sides lose.
The cheers of
British Eurosceptics for Cameron’s veto of EU treaty changes to allow
the countries that share the euro single currency to pursue closer
fiscal union were echoed by cries of “good riddance” in much of mainland
Europe.
How this can safeguard the
interests of the City of London financial centre is a mystery, not least
to some of the bankers and executives whose much criticized sector
accounts for 10 percent of the British economy.
“No matter what happens now, the UK has isolated itself and lost
critical influence for no gain whatsoever,” said Sony Kapoor, head of
the Brussels economic think-tank Re-Define.
Britain
is already seen by many as a free-rider, enjoying the benefits of being
the euro zone’s principal financial centre without the responsibilities
of membership, while refusing to contribute to rescue packages for
indebted countries.
DEC
11, 2011

Cameron puts Britain offside and offshore in Europe

LONDON, Dec 12
(Reuters) – .David Cameron has put Britain offside and offshore in
Europe.
In his failed last-minute quest for
special treatment over financial regulation, the prime minister has
taken Britain out of the room where decisions on the future of Europe
will be shaped.
The consequence could well be
a prolonged, bitter parting of the ways between the British and the
rest of the European Union, culminating in an acrimonious divorce in
which both sides lose.
The cheers of
British Eurosceptics for Cameron’s veto of EU treaty changes to allow
the countries that share the euro single currency to pursue closer
fiscal union were echoed by cries of “good riddance” in much of mainland
Europe.
How this can safeguard the
interests of the City of London financial centre is a mystery, not least
to some of the bankers and executives whose much criticised sector
accounts for 10 percent of the British economy.
“No matter what happens now, the UK has isolated itself and lost
critical influence for no gain whatsoever,” said Sony Kapoor, head of
the Brussels economic think-tank Re-Define.
Britain
is already seen by many as a free-rider, enjoying the benefits of being
the euro zone’s principal financial centre without the responsibilities
of membership, while refusing to contribute to rescue packages for
indebted countries.
DEC
10, 2011

Sarkozy, Draghi winners in EU rift, Cameron loses

BRUSSELS
(Reuters) – Napoleon dreamed of it, De Gaulle fought for it, but Nicolas
Sarkozy may have achieved it — a Europe of Nations with France in the
cockpit and Britain on the sidelines.
The
French president emerged as one of the big winners of a European Union
summit on Friday which ended with up to 26 member states agreeing to
move forward in economic integration around the euro zone, and Britain
alone in staying out.
“Of course this
is not just a long-standing desire, but a long-standing goal of French
politics … because in the French tradition Britain never really belonged
to the European Union, dating back to De Gaulle,” said a senior EU
official who attended the summit, referring to the French president’s
veto of British entry in 1963 and again in 1967.
By obstructing the wish of the other EU members to amend the
bloc’s governing Lisbon treaty to allow closer fiscal union among the
17-nation single currency area, British Prime Minister David Cameron
managed to unite Europe against him.
He
may be feted by Eurosceptics at home, but he emerged as the biggest
diplomatic loser of the summit, leading his country into an isolation
that all his predecessors sought to avoid.
For
centuries, a basic principle of British diplomacy was to maintain a
balance of power on the European mainland forming shifting alliances
with the main continental powers.
Cameron not
only failed to win a blanket veto right over EU financial services
legislation. The illusion of leading a group of 10 non-euro member
states like Sweden and Poland, committed to a more liberal, open
economy, crumbled as his supposed allies threw in their lot with the
euro zone.
DEC
9, 2011

Analysis: Sarkozy, Draghi winners in EU rift, Cameron loses

BRUSSELS
(Reuters) – Napoleon dreamed of it, De Gaulle fought for it, but Nicolas
Sarkozy may have achieved it — a Europe of Nations with France in the
cockpit and Britain on the sidelines.
The
French president emerged as one of the big winners of a European Union
summit on Friday which ended with up to 26 member states agreeing to
move forward in economic integration around the euro zone, and Britain
alone in staying out.
“Of course this
is not just a long-standing desire, but a long-standing goal of French
politics … because in the French tradition Britain never really belonged
to the European Union, dating back to De Gaulle,” said a senior EU
official who attended the summit, referring to the French president’s
veto of British entry in 1963 and again in 1967.
By obstructing the wish of the other EU members to amend the
bloc’s governing Lisbon treaty to allow closer fiscal union among the
17-nation single currency area, British Prime Minister David Cameron
managed to unite Europe against him.
He
may be feted by Eurosceptics at home, but he emerged as the biggest
diplomatic loser of the summit, leading his country into an isolation
that all his predecessors sought to avoid.
For
centuries, a basic principle of British diplomacy was to maintain a
balance of power on the European mainland forming shifting alliances
with the main continental powers.
Cameron not
only failed to win a blanket veto right over EU financial services
legislation. The illusion of leading a group of 10 non-euro member
states like Sweden and Poland, committed to a more liberal, open
economy, crumbled as his supposed allies threw in their lot with the
euro zone.
DEC
9, 2011

ECB limits bond buying, eurozone looks to banks

BRUSSELS
(Reuters) – The European Central Bank is capping its weekly bond
purchases at 20 billion euros and euro zone officials hope its new
bumper liquidity provision will allow banks to buy more government debt
and ease crisis-hit states’ borrowing costs, ECB sources said on Friday.
The bank has bought no more than 22 billion euros
worth of bonds in any week since it reactivated its bond-buy programme
in August. ECB sources said it would keep purchases to a maximum of 20
billion euros now and is not considering bigger action in response to an
EU summit decision to create a fiscal union.
Twenty-three
of the EU’s 27 leaders agreed to pursue tighter integration with
stricter budget rules for the euro zone, though Britain said it could
not accept proposed amendments to the EU treaty after failing to secure
concessions for itself.
“We more or less
anticipated what would come out,” one ECB source said. “We don’t see any
need for new deliberation.”
The ECB bond-buy
cap would remain at the level set weekly for the last few weeks by the
Governing Council, a second source said. Weekly purchases have not
topped 10 billion euros since September, less than half the limit.
“You will see some further purchases but not the
huge bazooka that some people in the markets and the media are
awaiting,” the second source said.
ECB
President Mario Draghi had already dashed market expectations of
increased bond buys in return for tougher budget rules a day earlier,
when the central bank nonetheless agreed to boost its liquidity
provision to banks.

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