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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
FRANKFURT (MarketWatch)
Manufacturing activity across the 17-nation euro zone
last month contracted at the same pace seen in May, according to the Markit
purchasing managers's index for the sector released Monday
Manufacturing PMI
came in at 45.1, up from a preliminary June reading of 44.8 and unchanged from a
nearly three-year low in May
A reading of less than 50 indicates a contraction
in activity
The June index "suggests that the goods-producing sector contracted
by around 1% in the second quarter, with this steep rate of decline looking set
to accelerate further as we move into the second half of the year," said Chris
Williamson, chief economist at Markit
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