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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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Euro-zone manufacturing shrinks for 16th month

FRANKFURT (MarketWatch)
Manufacturing activity across the 17-nation euro zone contracted for a sixteenth consecutive month in November, according to the final reading of the Markit purchasing managers' index, or PMI, for the sector released Monday
Manufacturing PMI came in at 46.2, matching a preliminary estimate, and marking the sixteenth consecutive month the index has posted a reading below the 50.0 level, signaling a contraction in activity
The index rose from 45.4 in October, marking the slowest pace of contractin in eight months, but the downturn "clearly remains severe," said Chris Williamson, chief economist at Markit "The ongoing steep pace of manufacturing decline suggests that the region's recession will have deepened in the final quarter of the year, extending into a third successive quarter," Williamson said
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