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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

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IMF: Greece must do more for bailout demands

LUXEMBOURG
International Monetary Fund chief Christine Lagarde urged Greece to do more on all fronts, as lenders continue to review the implementation of an economic overhaul to meet the demands of its bailout program
Fiscal structural reforms, financing and debt all require additional attention, said Ms. Lagarde at a press conference following a meeting of euro-zone finance ministers Monday

Euro's Fate to Be Decided This Week

The euro's near-term fate is likely to be determined by a meeting early this week of euro-zone finance ministers, who are expected to discuss a potential bailout of Spain
She said IMF officials on the ground in Athens working on Greece's economic review will continue working through the IMF meetings in Tokyo next week
"Greece is doing a lot," said Ms. Lagarde. "There is no question about it
"But acting is acting, not just talking.... The list of prior actions have to be completed," she said
Eurogroup chairman Jean Claude Juncker echoed the Eurogroup "looks forward to the conclusion of a full agreement on the conditionality," before the next loan disbursement to the Greek government
He said actions agreed by Greece in March should be implemented by Oct. 18 at the latest
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