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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.
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Profit Warning General Electric

LONDON (MarketWatch)
General Electric on Friday reported a second-quarter profit of $3.1 billion, or 29 cents a share, down from $3.8 billion, or 35 cents a share, a year earlier
Earnings from continuing operations came in at 34 cents a share
Operating profit reached 38 cents
Revenue rose 2% to $36.5 billion
Analysts polled by FactSet Research were looking for a profit of 37 cents a share in the second quarter, on revenue of $36.77 billion
The industrial conglomerate affirmed its target of delivering double-digit-earnings growth in 2012
"Today's results demonstrate that we are executing on our growth strategy in the midst of a still volatile global economy," Chairman and CEO Jeff Immelt said in a statement

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