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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

Curso Superior de #AnálisisDeDatos Contacto :

Curso Superior de #AnálisisDeDatos Contacto :
40 horas. Profesor : José - Vidal Ruiz Varela

Clases Particulares para hacer crecer tu Negocio. #Bigdata #DesarrolloCognitivo

Clases Particulares para hacer crecer tu Negocio. #Bigdata #DesarrolloCognitivo
Profesor : José - Vidal Ruiz Varela

#Bigdata y #Desarrollo #Cognitivo para Personas entre 15 y 65 años

#Bigdata y #Desarrollo #Cognitivo para Personas entre 15 y 65 años
Profesor : José - Vidal Ruiz Varela

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IMF REPORT : key euro-zone nations to miss deficit targets

By Matthew Dalton
Several euro-zone governments seen missing deficit-cutting targets - IMF Outlook
Deficit forecasts may spark debate over more cuts
EU authorities will decide whether to relax deficit targets
France, Spain and several other euro-zone governments won't hit budget deficit targets agreed with European authorities, the International Monetary Fund said Tuesday, setting the stage for a contentious debate over whether the governments should pursue more cutsor allow the targets to slip
Governments across the European Union have been slashing spending and raising taxes to bring their deficits back in line with the bloc's budget rules, which call for deficits to remain under 3% of gross domestic product
But anemic growth and recession, partly due to previous rounds of austerity, have made the deficit targets difficult to hit and sparked growing political discontent in many of the EU's 27 member states
The IMF said in its semi-annual economic outlook that it expects France's deficit to be 4.7% of GDP this year and 3.5% of GDP at the end of 2013
France has pledged to cut its deficit to 3% of GDP in 2013
The Socialist government of President François Hollande last month unveiled a package of austerity measures, including a 75% tax on incomes over €1 million, to hit the target
Spain's deficit is expected to hit 5.7% of GDP next year, the IMF said, well above the target of 4.5% of GDP
EU authorities and finance ministers earlier this year have already relaxed Spain's target in the face of a recession that has pushed the country's unemployment rate to over 25%
While Italy is seen complying with the 3% budget rule, it too is set to miss its deficit target next year of 0.5% of GDP
The IMF sees Italy's deficit next year at 1.8% of GDP
Pursuing more cuts to hit next year's deficit targets would further roil Europe's political waters and test the powers of these governments to push more austerity through restive national parliaments
The European Commission, the EU's executive arm, is set in the coming weeks to review national austerity programs, making its own determination about whether the programs will hit the budget targets
If the commission believes the numbers don't add up, it will discuss with other EU governments in the coming months whether to seek further cuts or relax the 2013 targets for the governments in question
New rules give the commission the power to fine euro-zone governments that don't comply with its recommendations
Government debt in Greece is accumulating much faster than expected amid the country's sharply deteriorating economic conditions
Total debt now is expected to reach 171% of GDP this year and 182% at the end of 2013, the IMF said
The projections in the IMF's spring outlook were for Greek debt to hit 153% of GDP at the end of this year and 161% next.
"A deeper-than-expected recession and slippages in the implementation of fiscal measures will once again complicate attainment of the ambitious deficit reduction targets," the IMF said.
Officials from the euro zone and the IMF are negotiating whether Greece's debt should be restructured again, this time with the government's official creditors taking losses on their Greek debt holdings
Ireland's deficit, however, is largely on track to meet the terms of its bailout program, according to the IMF's projections
The IMF also repeated its warning that the U.K. should slow the pace of its austerity measures if economic growth falls considerably below forecast in coming months
The fund said weaker growth estimates since its last report in April will likely slow the country's progress in cutting its budget deficit
Its deficit is now forecast to be 8.2% of GDP in 2012 and 7.3% of GDP in 2013; the fund had previously forecast U.K. deficits of 7.9% and 6.7% in 2012 and 2013
The IMF's message is a blow to U.K. Chancellor of the Exchequer George Osborne, who has been one of the leading proponents of austerity and has vowed to stay the course with the government's aggressive spending cuts despite the economy contracting for three consecutive quarters
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