January 2002 Vol.5, No. 1 Contents Europe at the Crossroads-What Does It Mean? by John Ross Schroeder Restoration: Going Safely Into the Unknown by Darris McNeely Imagine a World Without the United States by Melvin Rhodes Asking the Tough Question: Has Religion Failed? by Cecil E. Maranville The Biblical Origins of the Arab Peoples by Gary Petty In Brief...World News Review by John Foster, Cecil E. Maranville, Ken Martin and Jim Tuck This Is the Way...How Strong Is Your Tea Bag? by Robin Webber What Others Are Saying About the Euro This month the biggest currency swap in history took place across much of Europe. More than 300 million people in 12 nations began using the newly minted currency of the European Union. In a few months the German mark, Italian lira and French franc will become relics of the past. Bible prophecy (Revelation 18) shows a coming world economic colossus will emerge to dominate the world. Europe's monetary union could be a significant development toward that event. Read what other publications have said about the new European currency. "The euro continues to be threatened by the problem present at its birth, which is whether a single fiscal policy can serve 12 (and eventually more) separate and different national economies. The euro arrives as both unifier and divider. The 12 members move closer to one another, but the gap widens between them and others, notably the new states scheduled to join the EU" (International Herald Tribune, Dec. 21, 2001). "The euro 'will be far more than a single currency for Europe,' said Walter Eversheim, a spokesman for the committee that awards the International Charlemagne prize for the greatest contribution to European unity, which this year has been awarded to the currency. 'It will contribute to a common European identity, stabilize the community and foster peace.' "Whatever its strength against the dollar, the euro already is a global currency in every sense of the word. Its 306 million users in 12 countries, including three of the world's seven biggest industrial powers, account for a sixth of the global economy. The euro takes over from the Deutsche mark as the world's second most widely used reserve currency after the dollar. It will replace the Deutsche mark as the shadow currency across Eastern and Central Europe. Across North Africa, it will replace the French franc as a parallel currency. Read the full article at Related Information on UCG Sites: Table of Contents that includes "What Others Are Saying About the Euro" European Union - Euro: _World News Review December 1998 _Oskar Lafontaine _The Euro-Implications for England and America _The Euro Is Here! _World News Review March 1999 _Just What Is Happening in Europe? _Book Review-Euro Crash 2007 _Europe's New Money _Europe at the Crossroads-What Does It Mean? _World News Review Jun 2002 _How Soon Will Britain Embrace the Euro? _The Battle of the Giants -- Who Will Win? _Is America in Financial Decline? _Germany's Rising Economic and Political Power _The Euro Celebrates Its 10th Birthday _An Overview of Conditions Around the World - Jul/Aug 1998 _The Euro and War _The Euro: Crucial Step for a Future Superpower? _An Overview of Conditions Around the World - Jan/Feb 2002 _Could a Greek Tragedy Bring Down the Euro? Search Our Site Key Subjects Index General Topics Index Biblical References Index Good News Magazine Index Booklets and All Literature Index Home Page of this site