Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
Greece has submitted an 11th hour proposal for debt restructuring that includes a two-year aid proposal.
The statement came hours before Greece’s default on a loan to the International Monetary Fund. The proposal would require another bailout for Greece from the Eurozone’s European Stability Mechanism (ESM), a $560 million dollar rescue fund.
Athens has until 5 p.m. Tuesday to make a $1.8 billion dollar repayment to the European Central Bank before they are in default.
German Chancellor Angela Merkel seemed to be very cool toward Greece’s new proposal. Germany is Greece’s biggest creditor.
“This evening at exactly midnight Central European Time the program expires. And I am not aware of any real indications of anything else,” she told a news conference.
Several european leaders began to express concern that Greece may be forced out of the Euro by their default and the impact it could have on the Euro, the EU and the region.
“What would happen if Greece came out of the euro? There would be a negative message that euro membership is reversible,” said Spanish Prime Minister Mariano Rajoy to Reuters.
“People may think that if one country can leave the euro, others could do so in the future.”
