More Global uncertainty as we see just how close to the cliff we sit as a world. We know from God’s world that we will have a single world currency and economy during the end times. What will be the trigger that pushes us over. Ireland’s debt? Spain’s debt? Only God knows, so we must be watchful for signs and turn back to him!
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European debt woes hit world markets
LONDON (AP) — A new flare-up in Europe’s debt crisis hit world stock markets Thursday after Ireland announced it would sink more billions into its failed banks and Spain’s public debt rating was downgraded.
Ireland said it would put euro3 billion ($4.1 billion) more into Allied Irish and take majority control. Along with other bailouts, that would push the public deficit above 30 percent of annual economic output, a postwar record in Europe.
Meanwhile, Moody’s Investor Services cut Spain’s public debt rating, a move many in the markets had expected but which confirms that Europe will be slow to emerge from its debt crisis.
myBlessedHope 