Eurozone in Dark Blue, plus microstates using € (Euro) in yellow
Balkan states, not officially in the Eurozone using Euro in purple
(By JLogan via Wikipedia)
ZeroHedge had the following heading:
King Dollar Is Back — And Europe Is Cracking
October 1, 2026
https://www.zerohedge.com/the-market-ear/king-dollar-back-and-europe-cracking
Notice also:
The Euro’s Problems Go Beyond A Stronger Dollar – EUR/USD Forecast
1 October 2026
Rabobank is preparing to give greater weight to Dollar resilience in its EUR/USD forecasts, arguing that Europe’s own weaknesses have helped sustain the US currency’s advance.
The Euro to US Dollar exchange rate traded around 1.1308 on Thursday, down 0.17% from Wednesday’s close, following a 2.50% decline during September. …
Rabobank attributes much of the Dollar’s summer strength to the reversal from expectations of Federal Reserve cuts to rate increases.
But higher European interest rates have failed to deliver comparable support for the Euro.
“Even though the ECB brought forward its tightening cycle, and despite the resilience of the Eurozone economy this year, the market is concerned about growth risks in view of the Eurozone’s position as an energy importer.” …
France’s fiscal difficulties add to the problem, with public debt reaching 119% of GDP at the end of June ahead of its contentious 2027 Budget. https://www.exchangerates.org.uk/news/47330/2026-10-01-the-euros-problems-go-beyond-a-stronger-dollar-eur-usd-forecast.html
Before going further, notice the following related to the Eurozone:
The euro area,[8] commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented Economic and Monetary Union policies.
The 20 eurozone members are: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. (Eurozone, WIkipedia, accessed 12/16/25)
Yes, there have been issues within the Eurozone.
Yet, many of the the tariffs imposed by Donald Trump have affected German manufacturing and other European exports.
Last December, Martin Armstrong (not a COG Armstrong) looked for a possible collapse, or at least reorganization, coming in the Eurozone:
The Collapse of the Eurozone
December 15, 2025
A lot of questions have come in about the fall of the Eurozone. One thing that they are already discussing is to allow the member states with a debt crisis like Italy that is unsustainable to exist the Eurozone. They are already discussing that Northern Europe will reconfigure itself into a smaller Eurozone to try to say the system and the currency. …
The European Court of Justice ruled the ECB can use large balance sheet expansions. The challenge came from a national court (Germany’s), which argued such expansions must be rigorously justified and remain within the ECB’s monetary policy mandate. The ultimate result affirmed the ECB’s actions but under heightened scrutiny, not with a fixed balance sheet ceiling.
This hangs over the head of the ECB in the event of a member default. This is why my sources are talking about preparing for the DISSOLUTION of the Eurozone by jettisoning troubled states in a desperate effort to retain the EU Parliament and power. https://www.armstrongeconomics.com/history/europes-economic-history/the-collapse-of-the-eurozone/
The Europeans blame the USA for putting them in a position to have to deal with tariffs, higher energy costs, spending more on defense, increasing interest rates, and taking other actions.
Dissolution of the Eurozone would cause a major banking crisis.
Related to Europe facing a banking crisis, notice something the late Pastor General of the old Worldwide Church of God, Herbert W. Armstrong, said in a sermon on July 7, 1984:
And I can see now, the event that is going to trigger the formation of the reunification in Europe; the resurrection of the medieval Holy Roman Empire that we’ve been looking forward to that is prophesied to come…
But I believe that some event is going to happen suddenly just like out a blue sky that is going to shock the whole world and is going to cause the nations in Europe to realize they must unite! … Well now I think I can see what may be the very event that is going to trigger…that is the economic situation in the world…
The whole banking structure in the United States is a network all jointed together. But not only that, one nation has to deal with other nations and imports and exports. And so they have to have a means of transforming money from one nation to another. And so the banking structure is international and interwoven…
Now when the financial structure breaks down, all civilization is going to break down…
So, an economic or banking crisis is what Herbert W. Armstrong concluded would drive Europe to unite.
And, I agree that it will take some type of crisis–actually several factors–for Europe to reorganize.
The Bible shows that a major reorganization is prophesied to happen and push Europe under totalitarian control:
12 “The ten horns which you saw are ten kings who have received no kingdom as yet, but they receive authority for one hour as kings with the beast. 13 These are of one mind, and they will give their power and authority to the beast. (Revelation 17:12-13)
Economic issues will be one of the factors that will get Europe to decide to reorganize and support a dictator that the Bible calls the Beast.
Another issue will be migrants. France is experiencing migrant-related rioting:
Europe, and not just France, will one day take stronger actions against Islamic migrants, as well as against the United States.
There is an expression that “the enemy of your enemy is your friend.” The USA is turning European ‘friends’ into enemies, and that is consistent with biblical prophecies (e.g. Lamentations 1:1-2). The European Union keeps taking steps to trade more with other nations–and the political winds are also turning against predominantly Islamic migrants.
While I expect a major economic crisis in Europe, there will also be many unintended consequences of Donald Trump’s statements and policies.
One of which will be the end of US dollar dominance, despite current reports.
This audio news item also includes an excerpt from Dr. Thiel’s article: Why Europe Fears Free Speech and Prophecy - Church of God News
Some items of possibly related interest may include:
26 items to prophetically watch in 2026 Much is happening. Dr. Thiel points to 26 items to watch (cf. Mark 13:37) in this article. Here is a link to a related sermon: 26 Items to Watch in 2026.
Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon; When Will the End of the Age Come?; Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is are links to related videos: European history and the Bible, Europe In Prophecy, The End of European Babylon, and Can You Prove that the Beast to Come is European?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Three related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency and Donald Trump and Unintended Consequences.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Is Donald Trump going to save the USA or are there going to be many disastrous unintended consequences of his statements and policies? What will happen? This is a free eBook.
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