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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Stocks finish down for week; fiscal cliff hanging

NEW YORK (MarketWatch)
U.S. stocks fell Friday, with the Dow Jones Industrial Average and the S&P 500 index  tallying their first weekly drop in four, as investors fretted over the lack of a budget deal
Apple Inc.led the technology sector lower after UBS AG cut its price estimate for shares of the consumer technology company
The absence of a comprehensive fiscal policy "is confounding investors and certainly businesses," said Eric Wiegand, senior portfolio manager for The Private Client Reserve, a division of U.S. Bank Wealth Management
Down 0.2% for the week, the Dow Jones Industrial Average lost 35.71 points, or 0.3%, to 13,135.01
The S&P 500 shed 5.87 points, or 0.4%, to 1,413.58, off 0.3% from the prior Friday's close
The Nasdaq Composite declined 20.83 points, or 0.7%, to 2,971.33, down 0.2% for the week, its second consecutive weekly drop

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