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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U.K. June manufacturing falls most since 2008

FRANKFURT (MarketWatch)
British manfuacturing output posted a 2.9% monthly fall in June, the steepest decline since November 2008, due in part to an extra holiday to celebrate Queen Elizabeth II's Diamond Jubilee, the Office for National Statistics reported Tuesday
Manufacturing output dropped 4.3% compared to June 2011
The broader industrial production measure saw a 2.5% monthly fall, also the steepest since November 2008. Industrial output declined 4.3% year on year
Economists surveyed by Dow Jones Newswires had forecast a 4.5% monthly fall in manufacturing output and a 5.9% year-on-year decline
Industrial production was forecast to see a 4.4% monthly fall and a 6% year-on-year drop                  

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