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Eye on the World: a financial bailout for Cyprus
Eurozone finance ministers agreed this week to a 10-billion-euro bailout deal for Cyprus, which will keep the country’s banking system from collapsing and allow it to remain in the Eurozone. Though officials say the island country has avoided bankruptcy, they also caution that Cyprus faces a deep recession and that many businesses may close. While Cypriots are relieved that the deal protects small depositors, worries about high unemployment and the overall health of banks cast a pall over the country.
Our prayers for any economy can rest on the foundational concept that God substantially provides for and supports every part of His creation. This recent editorial from the Christian Science Sentinel, “Build the economy on Truth,” explains how the Christ — “the living proof of God’s love for man” — brings spiritual supply to light. This kind of “enlightening” inevitably leads to inspired, permanent economic solutions that bless everyone involved.
You might also enjoy this timely audio chat, “Dealing with debt and financial fears.” It discusses how, whether we’re praying about personal finances or the global economy, we can focus our prayers on the consistent source of spiritual good that is always ours. Our prayers do have a healing effect. They remove fear and help us see beyond a picture of lack or of hopeless economic straits to fresh possibilities.
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