Well, this is a surprising quote from Bilal Hafeez, who is head of the bank’s foreign exchange strategy department, during a recent speech at the annual Deutsche Bank Mittelstand (small and medium-sized enterprises) FX conference in Hamburg, Germany.The speech focuses on the euro area’s economic woes and the need for the currency block to move forward with further integration in order to be economically successful.
Hafeez likened the currency which was formed in 1999 to a 14-year-old teenager showing all the signs of puberty and causing parents all kinds of trouble!
According to Hafeez, “It has all the hallmarks of teenage angst. It is ridden with internal conflicts, it is groping around for structure, and it is suspicious of authority. So who can be a positive role model for the Euro-Area? Well it cannot be the “fathers”: Germany or France. It has to be an external figure that all Europeans respect, and whose motives and character are beyond dispute. That rules out anyone living as even the most competent person will make missteps or have something from their past dredged up to undermine them. That leaves us with historical figures whose lives have been laid bare by history. I can only think of one figure that is respected by most Europeans and has never sinned, Jesus!”
Well,it is an interesting discussion whether Jesus would be really interested in saving the Euro at all … He famously told the religious leaders of his day to “Render therefore to Caesar the things that are Caesar’s, and to God the things that are God’s.” (Matthew 22:21)
If Jesus ‘teachings were to save the Euro, it would come through our economic leaders in all nations learning to ‘look after the interests of others’, to live lives of truth, honesty and justice and to humbly request wisdom in their financial dealings, loving God and their fellow m an as he taught us. It would need all of us to live frugally and generously. It would mean to remain free from debt which is the most destructive force Mammon has been able to unleash on our world to enslave us all.
Jesus’ mission was not to save any economic system but was well summarized in his very first, very short sermon!
“The Spirit of the Lord is upon Me,
Because He has anointed Me
To preach the gospel to the poor;
He has sent Me to heal the brokenhearted,
To proclaim liberty to the captives
And recovery of sight to the blind,
To set at liberty those who are oppressed;
To proclaim the acceptable year of the Lord.”