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Licenciado Matemáticas (Especialidad Fundamentales) por UCM, MBA Executive, MBA Financial Markets, Project Management Excellence Certified
Financial Markets Services Consulting, IT CIO ACO Grupo Santander, IBM Global Services Principal, Electronic Data System Client Ececutive
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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs
MADRID (MarketWatch)
Spanish retail sales tumbled 9.8% in April on an annual,
calendar-adjusted basis, the national statistics office said Tuesday
That is
the biggest drop on that basis since at least March of 2011
That compares to a
fall of 3.8% in March
Spain is in the middle of a recession triggered by a
collapse of the housing market. Borrowing costs have reached record levels and
banks in particular are under pressure owing to their exposure to the housing
downturn and troubled loans
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