Salam al Maseeh

The first Palestinian above all others is Our Lord and Saviour Jesus Christ.

Let be accursed any gospel other than that which was preached at the beginning, received not from man but from Christ Jesus, thou alone, in whom we have redemption through thy all holy infinitely pure and undefiled blood, the remission of our sins, who in the future shall recreate the heavens and the earth, called by thine special choice, who before hoped in Christ with all who heard the word of truth and believed, sealed with the Holy Spirit of the promise, who is the pledge of our inheritance, to the redemption of the possession, for the praise of his glory, in faith in the Lord Jesus, and of love for all the saints in unceasing intercession of all the elect angels and saints of God, virgins, with all thanksgiving, that the God of our Lord Jesus Christ, the Father of glory, may grant us the spirit of wisdom and revelation in deep knowledge of him; the eyes of our minds being enlightened, to know the hope of his calling, the riches of the glory of his inheritance in the saints, and the exceeding greatness of his power towards us who believe, according to the working of his mighty power wrought in Christ the only first born from the dead in the flesh raised above all things he made subject under his feet, we who hold him the head directly and no other, Christ Jesus our only Lord and Saviour immortal son of the immortal Father in the unity and power and bond of love of the immortal Holy Spirit our Paraclete unto the ages of the ages. Amen.

The Final Trial: Jesus Christ begotten of the Father - not made

A prayer of Isaias the Prophet.

Is. 26: 9-21

(Isaias' prophecy, which is also his prayer.)

O Lord our God, grant us peace. Out of the night my spirit waketh at dawn unto Thee, O God; for Thy commandments are a light upon the earth. Learn righteousness, all ye that dwell upon the earth. For the ungodly man hath come to an end; every one that learneth not righteousness upon the earth shall not be able to do truth; let the ungodly be taken away, that he may not see the glory of the Lord. O Lord, Thine arm is lifted up, and they knew it not; but when they know it, let them be put to shame. Zeal shall lay hold upon an untaught people, and now fire shall devour the adversaries. O Lord our God, bestow Thy peace upon us, for Thou hast given all things unto us. O Lord our God, take us for Thy possession. O Lord, we know no other beside Thee; we call upon Thy name. But the dead shall not see life, neither shall physicians raise them up; therefore hast Thou brought wrath upon them, and hast slain them, and hast taken every man of them away. Bring more evils upon them, Lord; bring more evils upon them that are glorious upon the earth. O Lord, in trouble we remembered Thee; with small affliction was Thy chastening with us. And as a woman in travail draweth nigh to be delivered, and crieth out in her travail, so have we become in the presence of Thy beloved. We have conceived, O Lord, because of Thy fear, and have suffered pangs, and have brought forth the spirit of Thy salvation, which we have wrought upon the earth. We shall not fail, but all those that dwell upon the earth shall fail. The dead shall arise, and they that are in the tomb shall awake, and they that are upon the earth shall rejoice. For the dew which Thou sendest is healing unto them; but the land of the ungodly shall perish. Go, my people, enter into thine inner chamber, shut thy door, hide thyself for a little season [during the Great Tribulation, hidden in mountains and dens and caves of the earth - there is NO secret rapture which is only an heretical apostate Lurianic Talmudic Judaic doctrine], until the anger of the Lord shall pass away.

Glory be to the Father, and to the Son, and to the Holy Spirit. As it was in the beginning, is now, and ever shall be, world without end. Amen.

And see: The Abomination of Desolation

Note in the below that this is a description of the evil that precedes the Antichrist who is the Abomination of Desolation. Our Lord and Saviour Jesus Christ then comes after the reign of Antichrist has proceeded for a while. Antichrist, his reign and the False Prophet and all their followers are then destroyed by the Second Coming of Our Lord Jesus Christ from heaven with all His elect Angels and sent to hell forever. The saints will then reign with Our Lord Jesus Christ at their head on earth forever.

Palestine, which is properly the Holy Land for in it walked God in the flesh, Jesus Christ, and there He allowed Himself to be sacrificed for the salvation of those who profess Him from the heart and with the mouth, is a miniature of all the evil that has come upon the earth and there will the final evil be concentrated in its fullness and rule from there for a short time.

From: The Abomination of Desolation

Writing in the second century, St. Hippolytus wrote the following about the evil that will abound before the coming of Antichrist:

The temples of God will be like houses, and there will be overturnings of the churches everywhere. The Scriptures will be despised, and everywhere they will sing the songs of the adversary. Fornications, and adulteries, and perjuries will fill the land; sorceries, and incantations, and divinations will follow after these with all force and zeal. And, on the whole, from among those who profess to be Christians will rise up then false prophets, false apostles, impostors, mischief-makers, evil-doers, liars against each other, adulterers, fornicators, robbers, grasping, perjured, mendacious, hating each other. The shepherds will be like wolves; the priests will embrace falsehood; the monks will lust after the things of the world; the rich will assume hardness of heart; the rulers will not help the poor; the powerful will cast off all pity; the judges will remove justice from the just, and, blinded with bribes, they will call in unrighteousness.

St. Hippolytus of Rome, Treatise on the end of the world and on Antichrist

My Blog List

Baptism

Traditional Catholic Prayers: Baptism

MATTHEW 28

CHAPTER XXVIII.

The resurrection of Christ. His commission to his disciples.

1 And *in the end of the sabbath, when it began to dawn towards the first day of the week,

18 And Jesus coming, spoke to them, saying: All power is given to me in heaven and in earth.

19 *Going, therefore, teach ye all nations: baptizing them in the name of the Father, and of the Son, and of the Holy Spirit;

20 Teaching them to observe all things whatsoever I have commanded you: and behold I am with you all days, even to the consummation of the world.

"Consummation of the world," - the end of this age of grace and the beginning of the eternal ages with Christ reigning visibly. This is the end of the eschaton and the beginning of the eternal recreated heavens and the earth and will begin when Our Lord and Saviour Jesus Christ returns from heaven in the same flesh He rose with and ascended into the third heaven with, seated at the right hand of the Father. His return will be with all of His elect angels. He will raise and judge all men in the flesh and then recreate the heavens and the earth, which in that state will last that way for eternity. There will NOT be any sin in the new heavens and earth, so prepare now by confessing the Father and the Son and the Holy Spirit and be baptized as commanded above and shown how to baptize below and live Holy and Godly lives in sincerity and humility and meekness waiting for the Lord when He returns so that we are not like the five foolish virgins but are like the five wise virgins.

____________________

*

1: A.D. 30.; Mark xvi. 1.; John xx. 1.

19: Mark xvi. 15.

====================

Method of Baptism

From the Didache (49 A.D. Council of Jerusalem):

Chapter 7. Concerning Baptism.

And concerning baptism, baptize this way: Having first said all these things, baptize the one to be baptized into Jesus Christ in "the name of the Father, and of the Son, and of the Holy Spirit," in running water. But if you have no running water, baptize into other water [still water]; and if you cannot do so in cold water, do so in warm. But if you have neither, pour out water three times upon the head onto the one to be baptized saying at that time "in the name of the Father and of the Son and of the Holy Spirit." But before the baptism, if possible, let the baptizer fast, and the baptized, and whoever else can; but you shall order the baptized [when there is time] to fast one or two days before.

Baptism can and should always be performed immediately when there is danger of death of the one to be baptized. For instance, impending martyrdom or possible death causing illness.

Israel is the Nation of the Antichrist = Dajjal: Totally reject Dajjal and instead Come to Christ and receive the water of life

The Muhammad of the Almighty Triune God of The Final Trial would not stand in the way of Muslims coming to Our Lord Jesus Christ and being baptized in Him as the Injeel commands. The Mohammed of Ahmadiyya is the same as the Mohammot of al-Hakim bi-Amr Allah and both are antichrists and contradict the clear commands of God in the Injeel and Taurat and Quran.

Noble Quran

003.045 Behold! the angels said: "O Mary! God giveth thee glad tidings of a Word from Him: his name will be Christ Jesus, the son of Mary, held in honour in this world and the Hereafter and of (held in honor by the company of the prophets and saints) those nearest to God;

003.046 "He shall speak to the people in childhood and in maturity. And he shall be (adhered to by the company) of the righteous."

003.047 She said: "O my Lord! How shall I have a son when no man hath touched me?" He said: "Even so: God createth what He willeth: When He hath decreed a plan, He but saith to it, 'Be,' and it is!

003.048 "And God will teach him [Jesus Christ] the Book [alkitaba = all sacred writing from God Most High] and Wisdom [hikma = sophia = uncreated wisdom of God one with His Holy Spirit], the Law [Taurat fulfilled in the Gospel of Jesus Christ] and the Gospel [of Jesus Christ],"

As the Word of God Jesus Christ willed to learn in His Incarnation what He already possessed and knew prior to His Incarnation as part of His kenosis (emptying out of Himself and taking upon Himself our nature while in no way losing anything of what He already was as God by nature and Son of God as the Second Person of the undivided Trinity) and as an example to us of how we in humility must follow God the Father and the Son Jesus Christ and the Holy Spirit.

Baptism

The Final Trial: Traditional Catholic Prayers: Baptism

Traditional Catholic Prayers: Baptism

MATTHEW 28

CHAPTER XXVIII.

The resurrection of Christ. His commission to his disciples.

1 And *in the end of the sabbath, when it began to dawn towards the first day of the week,

18 And Jesus coming, spoke to them, saying: All power is given to me in heaven and in earth.

19 *Going, therefore, teach ye all nations: baptizing them in the name of the Father, and of the Son, and of the Holy Spirit;

20 Teaching them to observe all things whatsoever I have commanded you: and behold I am with you all days, even to the consummation of the world.

"Consummation of the world," - the end of this age of grace and the beginning of the eternal ages with Christ reigning visibly. This is the end of the eschaton and the beginning of the eternal recreated heavens and the earth and will begin when Our Lord and Saviour Jesus Christ returns from heaven in the same flesh He rose with and ascended into the third heaven with, seated at the right hand of the Father. His return will be with all of His elect angels. He will raise and judge all men in the flesh and then recreate the heavens and the earth, which in that state will last that way for eternity. There will NOT be any sin in the new heavens and earth, so prepare now by confessing the Father and the Son and the Holy Spirit and be baptized as commanded above and shown how to baptize below and live Holy and Godly lives in sincerity and humility and meekness waiting for the Lord when He returns so that we are not like the five foolish virgins but are like the five wise virgins.

____________________

*

1: A.D. 30.; Mark xvi. 1.; John xx. 1.

19: Mark xvi. 15.

====================

Method of Baptism

From the Didache (49 A.D. Council of Jerusalem):

Chapter 7. Concerning Baptism.

And concerning baptism, baptize this way: Having first said all these things, baptize the one to be baptized into Jesus Christ in "the name of the Father, and of the Son, and of the Holy Spirit," in running water. But if you have no running water, baptize into other water [still water]; and if you cannot do so in cold water, do so in warm. But if you have neither, pour out water three times upon the head onto the one to be baptized saying at that time "in the name of Father and of the Son and of the Holy Spirit." But before the baptism, if possible, let the baptizer fast, and the baptized, and whoever else can; but you shall order the baptized [when there is time] to fast one or two days before.

Baptism can and should always be performed immediately when there is danger of death of the one to be baptized. For instance, impending martyrdom or possible death causing illness.

___________________________________________

See this for why Jesus Christ must be confessed as the Holy Word and Son of God: The Final Trial: Mary - revered by both Christians and Muslims as the vessel through whom God made the Word, Jesus Christ, Incarnate

The Muslim feast of Eid only commemorates the typological sacrifice by Abraham of Issac. That prefigured the final and only Supreme Sacrifice of Jesus Christ on His Most Holy Cross. It is only by the Sacrifice of Christ on His Cross that we are saved. Jesus Christ commanded, not suggested, that we be baptized; echoing the rest of the Church Fathers, St. Augustine noted that if someone could not be baptized even though they wanted it and did everything they could to be baptized in the water in name of the Father and the Son and the Holy Spirit, then their confession of faith is enough for their salvation. But no where are we allowed to refuse baptism.

All Muslims and everyone who will, are invited and encouraged to come to the water of life now and be baptized in the water and in the Spirit in name of the Father and the Son and the Holy Spirit and receive Communion.

For Noah and Abraham as Prophecies of Baptism in Our Only Lord and Saviour Jesus Christ see:

Traditional Catholic Prayers: THE TWELVE PROPHECIES - The Second Prophesy: Genesis 5: 32; 6; 7: 6: 11-14, 18-21, 23-24; 8: 1-3, 6-12, 15-21

Traditional Catholic Prayers: THE TWELVE PROPHECIES - The Third Prophesy: Genesis 22: 1-19

There is no evolution, to be baptized in Our Only Lord and Saviour Jesus Christ one must believe in the truth of literal Creation by God and no pantheistic syncretism with deistic design and the rest of pagan evolutionary theory.

Traditional Catholic Prayers: THE TWELVE PROPHECIES - The First Prophesy: Genesis 1: 1-31; 2: 1-2

And see the rest of the Baptismal Prophecies. They are a must.

For all Jews wishing to convert sincerely from the heart to Jesus Christ now, here is a prayer based on the biblical Hebrew of the prophets of the Old Testament and the Septuagint Greek of the Old Testament and the New Testament and Arabic.

(The Arabic, Allah subhanahu wa ta'ala, means the same as God Almighty, or 'O Theos 'O Pantocrator, in Septuagint Greek.)

In the below “Dam (Blood) Kadosh (Holy) bet Yeshua ha Maschiach (Jesus Christ) kanawn anawim (have mercy on Your faithful [those who turn to God by the shed Blood of Christ on Calvary])” is asking for God's forgiveness by the shed Holy Blood of Christ – which is the only forgiveness there is from God for sin.

Go here: Jews called in Christ: Begun in 2002, judged illegal 2004, Israel’s apartheid wall goes on regardless | Jews for Justice for Palestinians

And then be baptized in Christ - see above: Baptism.

_________________________________________________________________________

Palestine Cry: The Justice of God: Parousia of Jesus Christ Our Lord: The BROAD way to hell - forever.

The Final Trial: The Final Trial: The Truth: The coming of the Antichrist, ad-Dajjal

The Illuminati: Mani and Manichaeism - blasphemous heresy

The Illuminati: Bahai - The Illuminati - Masonic Colonialism of the Holy Land

The Illuminati: Gnosticism, Occult, Masonry, Sabbateanism, Frankist--followers of Jacob Frank, Illuminati, Rosicrucianism and Mormonism are all rooted in and intertwined in the same Diabolic paganism

Israel is the Nation of the Antichrist = Dajjal: The Holy War - The Review of Religions

Israel is the Nation of the Antichrist = Dajjal: 18 Temple Benedictions: 6 + 6 + 6 = Temple of the Antichrist

The Illuminati: You'll never think the same way again. . . The Revelation

The Final Trial: No to all Terrorists

Traditional Catholic Prayers and The Justice of God

Reason for the Antichrist's - Dajjal's - war on the Noble Sanctuary

Reason for the Antichrist's - Dajjal's - war on the Noble Sanctuary
Reason for the Antichrist's - Dajjal's - war on the Noble Sanctuary | defilement of the Noble Sanctuary - click on picture

Parousia of Jesus Christ Our Lord

See:





The Promise of His coming. His commands to prepare and be worthy.

Statement of what is happening in the world in connection with the Second Coming of Our Lord and Saviour Jesus Christ.

Nuzul i Isa - Qiyamah, the Parousia of Jesus Christ Our Lord.

Rv:22:7 Behold I come quickly. Blessed is he that keepeth the words of the prophecy of this book.

Tuesday, May 29, 2012

The Mark, the Name, the Number of the beast and the Tower of Babel = Ecumenism: The Justice of God: The Beast $$$

The Mark, the Name, the Number of the beast and the Tower of Babel = Ecumenism: The Justice of God: The Beast $$$

The Justice of God: The Beast $$$

See these (keep seeing the older entries in each link until finished):


_________________________________


See this for what is the formation and far reaching consequences of the United Nations:

The Justice of God: The United Nations - Satan's empire building

And see this, go here -

Worldmark Encyclopedia of the Nations - UNITED NATIONS, Twelfth Edition. Timothy L. Gall and Jeneen M. Hobby, Editors

Or Here


The United Nations core essence is about Money. It was founded upon Pan European World Trade Treaties, culminating in the 1956 Treaty of Rome. That governs GATT, NAFTA and a huge raft of other treaties that control ALL trade on earth. That operates through three centers: 1) Rome, Italy (the Aeur and the Vatican) and 2) Davos, Switzerland (the Central European Bank has more money and Gold and reach than any other financial institution on earth by far) and 3) Brussells, Belgium (see below article on the Beast).

Fort Knox was never more than a little Freemason outlier of European Central Banking that was reeled in by Kuhn Loeb and the Federal Reserve a century ago to serve the European Central Bank. The last of the Fort Knox gold was shipped out of Fort Knox by the Federal Reserve banks and sent to the World Trade Center building 7 vault and from there to Switzerland JUST before 911 and the destruction of WTC 7. 911 was also one of the last of the biggest bank robberies - the banks did the robbing.

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Thirst for Justice — The beast of the Apocalypse



The Beast of the Apocalypse: 666

A gigantic self-programming computer


One will need the number of the Beast to buy and sell [and one will be eternally damned for taking it]


by Gilberte Côté Mercier


The beast of the Apocalypse is already set up in Brussels, Belgium: It is a gigantic computer that makes its own programs. "By using three entries of six digits each, each citizen of the whole world will be given a distinct credit card number." Three entries of six digits each: 666.

Saint John's Apocalypse speaks of two Beast of the sea and the Beast of the earth, that will make up the "Antichrist" couple at the end of times. The commentators say that the Beast comming from the sea is the political power, Satan's fearsome ally. And the Beast coming from the earth is the power of money. The Beast of the earth, the financial power,

"shall make all, both little and great, rich and poor, freemen and slaves, to receive a mark on their right hands, or on their foreheads, and that none might buy or sell, unless he carried this mark, which was the beast's name, or the number that stands for his name. Here is wisdom. He that has understanding, let him count the number of the beast. For it is the number of a man: and the number of him is six hundred and sixty-six."

(Apoc. 13:16-18)

Well! The number 666 is no longer a mystery. We know that it refers to the gigantic computer that will be the great controller of all the men of the earth for their purchases and sales.

Following is a text from Moody Magazine, that reveals to us where the International Financiers have led the peoples so far, and in what slavery they propose to chain them.


From moody Magazine

Dr. Hanrick Eldeman, Chief Analyst of the Common Market Confederacy in Brussels, has revealed that a computerized restoration plan is already under way to straighten out world chaos. A crisis meeting in early 1974 brought together Common Market leaders, advisers and scientists at which time Dr. Eldeman unveiled "the Beast".

The Beast is a gigantic three story computer located in the administrative building of the headquarters of the Common Market.

That monster is a self-programming computer that has more than one hundred sources distributing entries. Experts in programming have perfected a plan that will handle by computer all of the world's trade.
This master plan would imply a system of digital enumeration of each human being of the earth. Thus the computer would give each inhabitant of the world a number to be used for each purchase or sale, removing the problem of present credit cards. This number would be invisibly tatooed by laser, either on the forehead or on the back of the hand. This would establish a walking credit card system. And the number could be seen only through infrared scanners, installed in special verification counters or in business places.
666
Dr.Eldeman pointed out that by using three entries of six digits each, every inhabitant of the world would be given a distinct credit card number.

World Money

Other officials of the Common Market believe that present chaos and disorder, due to a mysterious cause, show the need of a world money, of an international print that would possibly put an end to paper money and coins. In their place, credit notes would be exchanged by the means of a world bank's clearing house.

No member could buy or sell without first being given such a numbered imprint.

The directors of the Common Market are now convinced that world order demands, on the allegiance of peace and politics, a new world system of trade and numbering.

A single individual would have, within reach, the number of any hinabitan instrument of peace or a weapon of dictatorship.

When one of the leading heads of the Common Market was asked what would happen if someone objected to the system and refused to cooperate, he answered rather bluntly: "We would be obliged to have recourse to force to bring him to conform to the new requirements."

Henry Spaak, who was the founder of the European Common Market, and General Secretary of NATO, said, in one of his speeches:

"We don't want another committee, we already have enough of them. What we want is a man of such stature that he be capable to gain the allegiance of peace and politics to pull us out of the economic chaos into which we are sinking. Send us this man, and, be he god or demon, we will welcome him."

The Financiers: supreme masters

Today, through their economic control, the Financiers prepare an absolute world political control.
They will rule universally and totally, raised at the top of both civil powers united: politics and economics.

Europe's Common Market seems to be the first step towards the world political government. And the electronic computer will be that "man of such stature" that he may command, watch, register, check, censor, punish all the men of all the nations, "each human being of the earth". This computer is really much more than a man, it is a heartless superman, with diabolic intelligence.

And the International Financiers, who know well that they themselves control the money of the whole world, have the nerve to talk about the "mysterious cause of actual chaos and disorder". They make believe that they are looking for a means to pull the peoples from the "economic chaos into which they are sinking," when it is they, the bankers, who are the authors of the chaos, by the control of money and by their plays with the currencies, a play that makes countries tremble. The Canadian dollar goes down. The American dollar too, in respect to the Asian and European currencies. But the Canadian dollar is even lower than the American dollar. The Bank of Canada comes to the rescue of the Canadian dollar. But that is not enough, etc., etc.

All of that is International Bankers' games, games of speculating financiers, games of swindlers. And worst yet, they are games of controllers of human lives, games of dictators, of tyrants of the peoples.

The swindling financiers are liars. They have for a long time hidden the mystery of their scheme. And they would want us to continue to swallow up their lies. Blessed are the Social Crediters who see clearly through all of these diabolic manipulations, leading the whole world to a slavery as was never seen in history.

And the true Social Crediters know, furthermore, that if they place their trust in the Eternal Father, this all powerful God will free the world from the snares of Satan.

Trust in God and in the Rosary of the Immaculate. The light of Social Credit opens for us the door of that trust. And the apostolate of the "Michael" Journal gives us the strength to endure everything in the meantime, since we have hope.

Trust in God and in the Rosary of the Immaculate. Sounds good but any connection with the Vatican is immersed totally with the tentacles of the world banking consortium as well as total Apostasy from God!

It is Davos - Suisse (Switzerland) that day to day European Central Mega Bank business is centered on. There is a reason that Switzerland hasn't been invaded in centuries while the wars that are funded there rage all around it. It is by design.


Paul Taylor | Associate Editor | Reuters.com

JAN 25, 2012

BNP says no more ground to give in Greek talks

DAVOS, Jan 25 (Reuters) – Financial markets’ sentiment towards the euro zone may have turned the corner, but banks will offer no more concessions in crucial talks to reduce Greece’s private sector debt, BNP Paribas chairman Baudouin Prot said on Wednesday.

He said the European Central Bank’s move to flood the banking sector with almost half a trillion euros in short-term loans had helped to change the mood.

“I am a cautious optimist,” Prot told Reuters at the World Economic Forum in Davos.

“We are starting to see signs of a shift in sentiment towards Europe. The ECB three-year financing facility was really a catalyst. We are on the right track, but we need to keep moving forward.”

Greece is hoping to wrap up tortuous negotiations this week on a bond swap that aims to knock 100 billion euros ($130 billion) off its debt burden when private creditors return to Athens for a fresh round of talks to avert a chaotic default.

After weeks of bargaining, deadlocks and an intervention by euro zone ministers, Greece and its bondholders find themselves back at the drawing board as they search for a compromise needed to clinch a bailout for Athens before it runs out of money.

The focus of a new round of talks is expected to be whether banks budge from what they have billed as their “final offer” of a 4 percent coupon on the new bonds that Greece will swap out for existing debt after euro zone finance ministers rejected that proposal.

JAN 25, 2012

As euro crisis fears ease, focus turns to growth

DAVOS, Switzerland, Jan 25 (Reuters) – There is a palpable sense of hope at the annual Davos World Economic Forum that the euro zone is edging away from the brink of catastrophe but business leaders say Europe’s woes are still holding back a global recovery.

A growth strategy is the missing ingredient in the policy cocktail that euro zone leaders are mixing to save the currency bloc from break-up. Without economic recovery, re-election will be tough for presidents in Europe and beyond this year.

The 2,600 political and business leaders attending the five-day Davos Forum meet against a backdrop of improved market sentiment driven by signs the euro zone may escape recession and that intense market pressure on Italy and Spain is easing.

Greece is clinging to hope of a bond swap agreement to avoid a starker default, although an agreement is far from assured. But markets seem relatively unconcerned at the prospect of an enforced Greek default, seeing the problem increasingly as a one-off event divorced from developments elsewhere in the euro zone.

“There is an increasing sense that Greece is different from the others and that the contagion elsewhere could be contained,” Giles Keating, head of private banking research at Credit Suisse, said ahead of the Forum’s first full day on Wednesday.

“There is a sense of political will and mechanical capability to do so,” he added.

Markets have rallied on promising signs from Europe — the broad MSCI world equity index is up some 5 percent for the year so far — but this rally appears to be losing steam and masks underlying concerns about growth.

JAN 23, 2012

History repeats itself in euro crisis debt spat

PARIS (Reuters) – There are weeks when it can sound as if the European sovereign debt crisis is going round in circles.

Barbed exchanges between Italian Prime Minister Mario Monti and German Chancellor Angela Merkel carry echoes of a prolonged dialogue of the deaf between Greece and Germany two years ago when Berlin was resisting calls to bail out Athens.

Then as now, a debt-stricken government pushing through spending cuts, tax rises and economic reforms pleaded for lower interest rates and stronger European (read German) support to convince citizens the pain is worthwhile.

Now as then, a chancellor constrained by public hostility to bailouts and convinced only market pressure can keep profligate nations on a path of righteousness is turning a deaf ear, saying there is no need to act since no one is requesting aid.

The delay in acting to help Greece in early 2010 undermined financial market confidence in the 17-nation single European currency, which has still not been wholly restored, and raised the cost of the eventual rescue.

But it’s not all deja vu, because Germany has far more confidence in Monti’s Italy than it ever had in Greece.

As a result, EU officials expect Merkel to relent and agree to a bigger European financial firewall in March once euro zone leaders have signed two key treaties sought by Berlin on budget discipline and the rules of a permanent rescue fund.

JAN 23, 2012

Analysis: History repeats itself in euro crisis debt spat

PARIS (Reuters) – There are weeks when it can sound as if the European sovereign debt crisis is going round in circles.

Barbed exchanges between Italian Prime Minister Mario Monti and German Chancellor Angela Merkel carry echoes of a prolonged dialogue of the deaf between Greece and Germany two years ago when Berlin was resisting calls to bail out Athens.

Then as now, a debt-stricken government pushing through spending cuts, tax rises and economic reforms pleaded for lower interest rates and stronger European (read German) support to convince citizens the pain is worthwhile.

Now as then, a chancellor constrained by public hostility to bailouts and convinced only market pressure can keep profligate nations on a path of righteousness is turning a deaf ear, saying there is no need to act since no one is requesting aid.

The delay in acting to help Greece in early 2010 undermined financial market confidence in the 17-nation single European currency, which has still not been wholly restored, and raised the cost of the eventual rescue.

But it’s not all deja vu, because Germany has far more confidence in Monti’s Italy than it ever had in Greece.

As a result, EU officials expect Merkel to relent and agree to a bigger European financial firewall in March once euro zone leaders have signed two key treaties sought by Berlin on budget discipline and the rules of a permanent rescue fund.

DEC 14, 2011

Pressure for more ECB action after summit falls short

PARIS/FRANKFURT (Reuters) – Pressure mounted on Wednesday for the European Central Bank to intervene more decisively after financial markets judged that yet another EU summit had failed to resolve the euro zone’s debt crisis.

But Germany’s powerful central bank chief, Jens Weidmann, an influential voice in the ECB, made clear his opposition to ramping up the ECB’s purchases of euro zone government bonds.

He also said the Bundesbank would only provide fresh funds for the International Monetary Fund to help fight the euro zone crisis if countries beyond Europe did so too.

The euro sank to an 11-month low against the dollar, stocks slid and Italy had to pay a euro era record yield to sell 5-year bonds as nervous investors awaited a possible credit rating downgrade for one or more euro zone countries.

Rome had to pay 6.47 percent to sell 3 billion euros of bonds, up from a record 6.29 percent a month ago, highlighting fierce market pressure ahead of a year in which Italy has a gross funding goal of 440 billion euros starting in late January.

Ireland’s European Affairs Minister, Lucinda Creighton, said last week’s summit agreement among 26 European Union states, with Britain dissenting, to negotiate a new fiscal pact to enforce EU budget rules more strictly was not going to stop the crisis.

“Having the fiscal compact in place by March is desirable but I don’t think it’s going to save the euro,” she told reporters on a visit to Paris.

DEC 11, 2011

Analysis: Cameron puts Britain offside and offshore in Europe

LONDON (Reuters) – David Cameron has put Britain offside and offshore in Europe.

In his failed last-minute quest for special treatment over financial regulation, the prime minister has taken Britain out of the room where decisions on the future of Europe will be shaped.

The consequence could well be a prolonged, bitter parting of the ways between the British and the rest of the European Union, culminating in an acrimonious divorce in which both sides lose.

The cheers of British Eurosceptics for Cameron’s veto of EU treaty changes to allow the countries that share the euro single currency to pursue closer fiscal union were echoed by cries of “good riddance” in much of mainland Europe.

How this can safeguard the interests of the City of London financial centre is a mystery, not least to some of the bankers and executives whose much criticized sector accounts for 10 percent of the British economy.

“No matter what happens now, the UK has isolated itself and lost critical influence for no gain whatsoever,” said Sony Kapoor, head of the Brussels economic think-tank Re-Define.

Britain is already seen by many as a free-rider, enjoying the benefits of being the euro zone’s principal financial centre without the responsibilities of membership, while refusing to contribute to rescue packages for indebted countries.

DEC 11, 2011

Cameron puts Britain offside and offshore in Europe

LONDON, Dec 12 (Reuters) – .David Cameron has put Britain offside and offshore in Europe.

In his failed last-minute quest for special treatment over financial regulation, the prime minister has taken Britain out of the room where decisions on the future of Europe will be shaped.

The consequence could well be a prolonged, bitter parting of the ways between the British and the rest of the European Union, culminating in an acrimonious divorce in which both sides lose.

The cheers of British Eurosceptics for Cameron’s veto of EU treaty changes to allow the countries that share the euro single currency to pursue closer fiscal union were echoed by cries of “good riddance” in much of mainland Europe.

How this can safeguard the interests of the City of London financial centre is a mystery, not least to some of the bankers and executives whose much criticised sector accounts for 10 percent of the British economy.

“No matter what happens now, the UK has isolated itself and lost critical influence for no gain whatsoever,” said Sony Kapoor, head of the Brussels economic think-tank Re-Define.

Britain is already seen by many as a free-rider, enjoying the benefits of being the euro zone’s principal financial centre without the responsibilities of membership, while refusing to contribute to rescue packages for indebted countries.

DEC 10, 2011

Sarkozy, Draghi winners in EU rift, Cameron loses

BRUSSELS (Reuters) – Napoleon dreamed of it, De Gaulle fought for it, but Nicolas Sarkozy may have achieved it — a Europe of Nations with France in the cockpit and Britain on the sidelines.

The French president emerged as one of the big winners of a European Union summit on Friday which ended with up to 26 member states agreeing to move forward in economic integration around the euro zone, and Britain alone in staying out.

“Of course this is not just a long-standing desire, but a long-standing goal of French politics … because in the French tradition Britain never really belonged to the European Union, dating back to De Gaulle,” said a senior EU official who attended the summit, referring to the French president’s veto of British entry in 1963 and again in 1967.

By obstructing the wish of the other EU members to amend the bloc’s governing Lisbon treaty to allow closer fiscal union among the 17-nation single currency area, British Prime Minister David Cameron managed to unite Europe against him.

He may be feted by Eurosceptics at home, but he emerged as the biggest diplomatic loser of the summit, leading his country into an isolation that all his predecessors sought to avoid.

For centuries, a basic principle of British diplomacy was to maintain a balance of power on the European mainland forming shifting alliances with the main continental powers.

Cameron not only failed to win a blanket veto right over EU financial services legislation. The illusion of leading a group of 10 non-euro member states like Sweden and Poland, committed to a more liberal, open economy, crumbled as his supposed allies threw in their lot with the euro zone.

DEC 9, 2011

Analysis: Sarkozy, Draghi winners in EU rift, Cameron loses

BRUSSELS (Reuters) – Napoleon dreamed of it, De Gaulle fought for it, but Nicolas Sarkozy may have achieved it — a Europe of Nations with France in the cockpit and Britain on the sidelines.

The French president emerged as one of the big winners of a European Union summit on Friday which ended with up to 26 member states agreeing to move forward in economic integration around the euro zone, and Britain alone in staying out.

“Of course this is not just a long-standing desire, but a long-standing goal of French politics … because in the French tradition Britain never really belonged to the European Union, dating back to De Gaulle,” said a senior EU official who attended the summit, referring to the French president’s veto of British entry in 1963 and again in 1967.

By obstructing the wish of the other EU members to amend the bloc’s governing Lisbon treaty to allow closer fiscal union among the 17-nation single currency area, British Prime Minister David Cameron managed to unite Europe against him.

He may be feted by Eurosceptics at home, but he emerged as the biggest diplomatic loser of the summit, leading his country into an isolation that all his predecessors sought to avoid.

For centuries, a basic principle of British diplomacy was to maintain a balance of power on the European mainland forming shifting alliances with the main continental powers.

Cameron not only failed to win a blanket veto right over EU financial services legislation. The illusion of leading a group of 10 non-euro member states like Sweden and Poland, committed to a more liberal, open economy, crumbled as his supposed allies threw in their lot with the euro zone.

DEC 9, 2011

ECB limits bond buying, eurozone looks to banks

BRUSSELS (Reuters) – The European Central Bank is capping its weekly bond purchases at 20 billion euros and euro zone officials hope its new bumper liquidity provision will allow banks to buy more government debt and ease crisis-hit states’ borrowing costs, ECB sources said on Friday.

The bank has bought no more than 22 billion euros worth of bonds in any week since it reactivated its bond-buy programme in August. ECB sources said it would keep purchases to a maximum of 20 billion euros now and is not considering bigger action in response to an EU summit decision to create a fiscal union.

Twenty-three of the EU’s 27 leaders agreed to pursue tighter integration with stricter budget rules for the euro zone, though Britain said it could not accept proposed amendments to the EU treaty after failing to secure concessions for itself.

“We more or less anticipated what would come out,” one ECB source said. “We don’t see any need for new deliberation.”

The ECB bond-buy cap would remain at the level set weekly for the last few weeks by the Governing Council, a second source said. Weekly purchases have not topped 10 billion euros since September, less than half the limit.

“You will see some further purchases but not the huge bazooka that some people in the markets and the media are awaiting,” the second source said.

ECB President Mario Draghi had already dashed market expectations of increased bond buys in return for tougher budget rules a day earlier, when the central bank nonetheless agreed to boost its liquidity provision to banks.

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