‘INSIGHT ARTICLE’ EU: Preparing for 'new stage' in economic union
European leaders will discuss plans for deeper economic integration in the euro zone at their next meeting on 28-29 June, after an inconclusive summit on 23 May saw open divergences between France and Germany over ways to kick-start the EU's sluggish economy. See http://www.euractiv.com/euro-finance/eu-prepares-new-stage-economic-u-news-512943 European Council President Herman Van Rompuy will present a report exploring ways to deepen economic integration in the euro zone. Van Rompuy announced that ‘we need to take Economic Monetary Union to a new stage.’ and ‘I will report in June, in close co-operation with the Commission President, the Presidents of the Euro-group and the European Central Bank, on the main building blocks and on a working method to achieve this objective. For INSIGHTS into understanding and help you to pray into the European Financial System click the ‘More’ button.
Pray: for God to inspire the delegates as they prepare for the next meeting. (Ps.49:20)
More: http://site.prayer-alert.net/index.php?option=com_docman&task=doc_download&gid=385&Itemid=85
Spain: No request for bailout, says minister
Spain's Economy Minister has dampened speculation that the country is about to seek a bailout of its bank sector. There have been reports in the last few days that Spain was seeking an immediate bailout from eurozone funds. Mr de Guindos was speaking in Brussels, where proposals aiming to avoid taxpayers having to fund future bailouts of banks have been published. An International Monetary Fund audit of Spain's banks is due next week. On Wednesday, the European Commission unveiled proposals designed to stop taxpayers' money being used to bail out failed banks. The aim is to ensure losses are borne by bank shareholders and creditors and minimise costs for taxpayers. However, new legislation is unlikely to come into force before 2014 at the earliest, too late to protect taxpayers from any further immediate bank failures.
Pray: for God’s help and to give us wisdom as the governments seek solutions to these monetory problems.
Spain: No request for bailout, says minister
Spain's Economy Minister has dampened speculation that the country is about to seek a bailout of its bank sector. There have been reports in the last few days that Spain was seeking an immediate bailout from eurozone funds. Mr de Guindos was speaking in Brussels, where proposals aiming to avoid taxpayers having to fund future bailouts of banks have been published. An International Monetary Fund audit of Spain's banks is due next week. On Wednesday, the European Commission unveiled proposals designed to stop taxpayers' money being used to bail out failed banks. The aim is to ensure losses are borne by bank shareholders and creditors and minimise costs for taxpayers. However, new legislation is unlikely to come into force before 2014 at the earliest, too late to protect taxpayers from any further immediate bank failures.
Pray: for God’s help and to give us wisdom as the governments seek solutions to these monetory problems.
Children in Prayer in Myanmar
The Lord is using the prayers of children to shape a new nation in Myanmar (Burma)!
“Here are some pictures taken on May 1, 2012. The multiple denominational children intercession conference was held in Yangon. We were more than 3600 participants (mostly children, their teachers, leaders and pastors) from more than 100 churches and more than 20 orphanages.
We were blessed to receive the visitation of the Holy Spirit while praying.
Thank you so much for your prayer support.
Blessings!
From a local pastor who with his wife helps lead the growing prayer movement
