Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
The European Central Bank has revised its outlook for 2013 and is now stating that it’s likely the entire Eurozone will have a massive recession that will last through the year.
The report says growth will be between -0.9% and 0.4%, significantly lower than previous predictions of growth between 0.2% and 2.2%.
ECB President Mario Draghi said a “persistent uncertainty” that impacted economic actions in the region connected to “resolution of sovereign debt issues in the euro area, geopolitical issues and fiscal policy decisions in the United States.”
The last section was in reference to the “fiscal cliff” facing the US economy in 2013.
Unemployment in the region is still at a record high of 11.7%. The economy in the region shrank 0.2% in the 2nd quarter of 2012 and 0.1% in the 3rd quarter.
