EU Jobless Rate Hits Record of 11%, But German Unemployment Rate Improves

Berlin Reichstag

European unemployment gets worse. Spain has the worst unemployment in the EU, but Germany actually continues to improve. Here’s a recent report from the Financial Times:

Eurozone jobless rate hits record 11%
June 1, 2012

Spain again saw by far the worst unemployment performance, with its rate rising to 24.3 per cent in April… By contrast, German unemployment fell further – to only 5.4 per cent of the workforce.

http://www.ft.com/cms/s/0/6c2d4eae-abf3-11e1-a8a0-00144feabdc0.html

For years, Germany has been one of the world’s top exporter nations and has been strengthening the EU economy.

Later, the article optimistically states that if EU economies improve, unemployment is expected to still hit 11.5% this year. To combat economic difficulties, European Central Bank hopes to decrease interest rates further. The decrease in interest rates will likely encourage EU countries to go further in debt. This will help Germany gain more financial control of Europe.

This type of dependence on Germany does make the EU unstable, but Daniel 2:41-43 does prophecy this for a period of time:

⁴¹Whereas you saw the feet and toes, partly of potter’s clay and partly of iron, the kingdom shall be divided; yet the strength of the iron shall be in it, just as you saw the iron mixed with ceramic clay. ⁴²And as the toes of the feet were partly of iron and partly of clay, so the kingdom shall be partly strong and partly fragile. ⁴³As you saw iron mixed with ceramic clay, they will mingle with the seed of men; but they will not adhere to one another, just as iron does not mix with clay.

Germany, biblically known as Assyria, is the strongest economy in the European Union. Although Germany will likely see many difficulties as well as other European nations, their economy will last until Christ returns. Daniel 2:44 states:

⁴⁴And in the days of these kings the God of heaven will set up a kingdom which shall never be destroyed; and the kingdom shall not be left to other people; it shall break in pieces and consume all these kingdoms, and it shall stand forever.

Some articles of possibly related interest may include:

Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? What MUST happen BEFORE the Great Tribulation?
Resurgent Germany: A Fourth Reich? Who are the German peoples and where did they come from? What is Germany’s role in end time prophecy?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?