European Central Bank Will Do “Whatever It Takes”

Rev 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!"

“I believe Jesus is coming soon, and He is coming for a spotless, pure, holy bride, not one compromised by money and materialism.”

-Jim Bakker in “Prosperity and the Coming Apocalypse”

The president of the European Central Bank said they will do “whatever it takes” to keep the euro solvent bringing a run on various stock markets.

The Spanish Ibex share index jumped 6% on the news with the main share index closing up 5.6% The news also drew Spain’s 10-year bonds down .6% from the record high it had been maintaining for weeks.

The news also boosted trading of the Euro which increased .5%

World markets responded positively as well. Markets in the UK were up 1.4%, France up 4.1%, Germany 2.8% and the US Dow Jones index up 1.3% in early trading.

Investors are murmuring the announcement could be a hint the ECB will restart the Securities Markets Programme. The program would allow the ECB to buy large amounts of government bonds on the open market and allow nations with weak economies to borrow at lower than market rates.

 

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