A number of the major nations of Europe are forming the European Union (EU). Its new monetary unit, the Euro, is to replace most of the familiar long-established national currencies of the continent - francs, marks, pounds, and so on. If you live in Europe, you are no doubt already well aware of the Euro.
Most of us in other parts of the world, whether in North America, Australia, Africa, or Asia have not heard as much about the Euro so far (except perhaps from our European friends or relatives), but that is soon going to change. The new currency will not only be a vital means for the political (and therefore, military) joining of many European countries - it will quickly become one of two major currencies of the world economy. Those who understand the keys to prophecy know and appreciate the significance of the European Union, and what great events, and Great Event, that it will lead to in the near future. The adage, "when the trees begin to blossom, you know that spring is near" sums it up quite well. See Daniel's Statue and Feet Of Iron And Clay.
The official schedule plan for the new European currency -
- December 31, 1998: Conversion rates for the Euro against existing national currencies to be set. The present European Currency Unit (ECU) will be replaced by the Euro at the rate of one ECU for one Euro.
- January 1 1999: The official launch of the Euro as Europe's single currency. Over the next 3½ years, it is to replace the 70 billion coins and 12.5 billion notes now in circulation among 11 of the 15 participating European Union states - Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain. Three other present EU members, Britain, Denmark and Sweden have opted out for the time being, while Greece has yet to meet the entry requirements. Payments (salaries, purchases, currency transfers, etc.) will be allowed to be made in Euros, electronically, or via checks and money orders, though notes and coins will not then yet exist.
- January 4, 1999: The Euro to be quoted on foreign exchange markets. For the next 3 years, all money values may be expressed either in Euros or traditional national currency on a voluntary basis.
- January 1, 2002: Introduction of Euro notes and coins, and gradual withdrawal of national currencies among member states.
- June 30, 2002: The conclusion of the time when both Euro and national currencies will be permitted to circulate together. After that date, and for a limited time only, national notes and coins will be exchangeable only at banks. Thereafter, the traditional currencies will be deemed worthless.
- July 1, 2002: The Euro is to become the single currency of 300 million Europeans.
Before long, the European Union is going to have a very big effect on your everyday life, regardless of where you live. Make no mistake, we are living in a very unique time.
Fact Finder: Were the prophecies to Daniel for his time, or for ours?