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“The recovery in the EU has now
come to a standstill and there is the risk
of a new recession unless determined action is taken,”
said Commissioner Olli Rehn.
The European Union on Thursday has sharply downgraded the economic forecasts for the eurozone to just 0.5 percent growth in 2012, and warned that several countries may slip into recession in coming months.
Brussels had previously banked on 1.8 per cent growth for next year, but scaled back its expectation amid a resurgence of the eurozone debt crisis two years after it first started.
All 17 countries that use the euro saw their growth forecasts lowered for 2012. Those in the so-called core of the currency bloc were downgraded most severely:

The Five Pillars of Islam are the framework of the Muslim life. They are the testimony of faith, prayer, giving zakat (support of the needy), fasting during the month of Ramadan, and the pilgrimage to Makkah once in a lifetime for those who are able.
The annual pilgrimage (Hajj) to Makkah is an obligation once in a lifetime for those who are physically and financially able to perform it. About two million people go to Makkah each year from every corner of the globe. Although Makkah is always filled with visitors, the annual Hajj is performed in the twelfth month of the Islamic calendar. Male pilgrims wear special simple clothes which strip away distinctions of class and culture so that all stand equal before God.
The rites of the Hajj include circling the Kaaba seven times and going seven times between the hillocks of Safa and Marwa, as Hagar did during her search for water. Then the pilgrims stand together in Arafa and ask God for what they wish and for His forgiveness, in what is often thought of as a preview of the Day of Judgment.
The end of the Hajj is marked by a festival, Eid Al-Adha, which is celebrated with prayers. This, and Eid al-Fitr, a feast-day commemorating the end of Ramadan, are the two annual festivals of the Muslim calendar.

Smartphones now representing 40 percent of all mobile phones in the U.S., according Nielsen, reports Giga OM
To muslims all over the world,
Ar-Raina Family
wishing you
joy, prosperity
and peace
on
Eid ul-Fitr
For the information of nonmuslims,muslims celebrate 'Eid ul Fitr on the first day of Shawwal - the tenth month of the Islamic calendar, following the month of Ramadhan (in which the revelation started and ended 20+ years later, and which is also the month of fasting). Following a Lunar calendar, Muslims mark the beginning of the month with the sighting of the new crescent.
The month long fasting of Ramadan culminates into the festival of 'Eid-ul-Fitr (the Festival of Fast-Breaking). It is a festival of joy, family reunion and thanksgiving to Almighty God. The giving of a special charity for this occasion is obligatory. This is known as Zakat. Muslims dress in holiday attire, attend a special community prayer in the morning, and visit friends and relatives. Greetings of "'Eid mubarak," or "a blessed 'Eid" are exchanged.