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!"
Some of Greece’s larger banks could end up disappearing as a result of the economic collapse taking place in their nation.
European officials confirmed to Reuters that some weaker banks will be taken over by larger rivals in a restructuring of the banking industry. They estimated that two of the four major banks — National Bank of Greece, Eurobank, Piraeus and Alpha Bank — could end up being absorbed by other banks.
“The Greek economy is in ruins. That means the banks need a restart,” an official told Reuters. “Cyprus could be a role model. You have a tiny bit of time … you would do restructuring straight away.”
The plan is expected to meet fierce Greek resistance.
The news from the EU officials comes as Greek government officials confirmed they would be extending bank closures and putting a 60-euro limit on ATM withdrawals until Monday because the European Central Bank (ECB) decided not to increase support for Greek banks until a solution is found for the current economic default.
Greek citizens have been attempting to clear out bank accounts and spend their money fearing that their deposits could be seized in a bailout deal.
The EU is facing internal conflict as Germany, the biggest creditor for Greece, is resisting calls to restructure Greece’s debt.
“Greece is in a situation of acute crisis, which needs to be addressed seriously and promptly,” International Monetary Fund chief Christine Lagarde said at the Brookings Institution think-tank in Washington.
