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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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Spain's Rajoy: Expansive policies needed in EU

By MarketWatch
SANTIAGO, Chile
Spain's Prime Minister Mariano Rajoy said Friday that some European Union nations should pursue expansive policies to boost regional economic growth, as part of an effort to support partners that are currently cutting down on public spending and debt
"Spain is not in condition to pursue expansive policies, but those countries that can, should do it," Mr. Rajoy said at a press conference after meeting with Chilean President Sebastian Pinera
He said expansive policies would help the region to counter pressures that have significantly slowed down economic growth across the region, particularly in the European periphery
Mr. Rajoy reiterated that his government will continue to pursue structural reforms that seek to lower a gaping budget deficit
He said Spain has placed some 20 billion euros in debt so far this year, signalling that EU measures to bolster confidence and the single currency are gaining traction
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