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!"
While much of the world celebrated a bailout deal that would keep Greece from entering into bankruptcy and a forced exit from the Euro, the country’s Prime Minister found himself facing a hostile and combative Parliament.
Greece’s PM Alexis Tsipras spent all day Tuesday in contentious meetings with his own party’s members of parliament and the conflict was so severe it was possible he would need to form a new national unity government to get the bailout passed for the nation.
The deal is critical for the nation as they missed a second debt repayment to the International Monetary Fund (IMF) putting them further behind in their debt load.
Over 2 million euro are owned to the IMF by Greece as of Monday.
The nation’s banks have been closed since June 29th and without the deal there is no indication when they could re-open. Heavy restrictions on ATM transactions remain in place.
The IMF surprised many observers today by releasing a report on the bailout agreement stating the country needs “massively more” debt relief than admitted by eurozone officials.
“The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that would need to go well beyond what has been under consideration to date – and what has been proposed by the ESM,” the IMF stated.
