FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman//File Photo
Revelation 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.
Important Takeaways:
- The European Commission estimates the total level of unused savings of EU citizens at 10 trillion Euros, and it intends to find ways to mobilize this money to finance its plans to militarize Europe and support the European military-industrial complex, according to a statement by European Commissioner for Financial Services and the Savings and Investment Union Maria Luís Albuquerque, distributed by the EC press service, TASS reports
- “A large part of Europeans’ savings lies in the form of deposits at very low interest rates (between 0.3 and 0.8 percent per annum) and even in the form of cash reserves. Mobilizing even a small part of these resources will change the investment landscape in the EU,” the European Commissioner said.
- “European Commission President Ursula von der Leyen’s announced plan to rearm Europe will rely heavily on attracting this private investment,” Ms. Albuquerque noted.
- According to her, Europe’s problem is the gap between idle savings and enterprises in need of funds. Therefore, the EC intends to create a new scheme to mobilize owners’ funds for investment in EU industry, which will be implemented under an EU program: the Investment and Savings Union.
- According to von der Leyen, the European armament plan should attract 800bn Euros to the EU’s military industry by 2029.
Read the original article by clicking here.
