Revelation 6:3-4 NCV When the Lamb opened the second seal, I heard the second living creature say, "Come!" Then another horse came out, a red one. Its rider was given power to take away peace (prosperity, rest) from the earth and to make people kill each other (butcher, slaughter, to maim violently, in streets), and he was given a big sword (assassins sword, terrorist, loud, mighty, sore afraid).
Banks in Cyprus are closed through Thursday after citizens tried to withdraw all their funds ahead of a possible government seizure of funds.
The European Union and International Monetary Union have requested that Cyprus seize a portion of all bank accounts in the country before any bailout funds will be given to the nation.
A vote by the Cyprus parliament was postponed Monday but is expected before the end of the day Tuesday. If the measure passes, all citizens will have to pay a percentage of their bank accounts in return for a 10 billion euro bailout.
The current proposal calls for all accounts under 100,000 euros to pay 6.75% of their account’s total to the government and all accounts over that amount to pay 9.9%. One proposal being considered would alter those rates to 3% and 12.5% respectively.
Local pundits believe the vote is too close to call. The potential problems in Cyprus have driven stock markets lower across the world.
