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!"
In a blow to France’s attempt to right its struggling economy, Standard and Poor’s has downgraded the country’s credit rating one level to AA. The move comes two years after France lost top-rated AAA status.
The downgrade was attributed to high unemployment in the country that analysts believe will make it difficult for the government to boost economic growth.
S&P said in a news release they expect government debt to reach 86% of gross domestic product in 2015 and that unemployment will stay over 10% until well into 2016.
The French government responded by saying that their debt rating was one of the safest in the Eurozone. The downgrade theoretically makes borrowing more expensive for the French government.
S&P did add a “stable” outlook to France meaning it’s unlikely there will be a downgrade to their credit rating within the next two years.
