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).
The Eurozone debt crisis, which has stabilized over the last year, is in danger of seriously exploding as the government of Portugal is threatening to collapse.
Portugal’s Prime Minister made a national address Tuesday night saying he refused to accept the resignation of the country’s foreign minister and that he would try to go on governing.
The nation has been trying to meet the terms of a 78 billion euro bailout from the EU and the International Monetary Fund in 2011. If the government collapses, the repayment plan and economic reforms could be thrown into peril.
This news arrives as Greece is facing down a Monday deadline to show it can meet demands of its own bailout.
The EU has publicly said there is no problem but sources within the EU say officials are seriously concerned that the entire region could be thrown into turmoil should Greece and Portugal collapse at the same time.
