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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 unemployment hits record high

LONDON (MarketWatch)
Unemployment in the euro zone hit a record high in May, as the region continued to grapple with recession
The percentage of those out of work in the euro zone was 12.1% in the month, up from 12% in April and a marked drop from the 11.3% recorded in May last year, according to EuroStat, which released the figures on Monday
The highest rates in the 17-country euro-zone were in Spain and Greece, with jobless rates of 26.9% and 26.8% respectively
Across the wider 27-member EU, unemployment was stable compared with April, at 10.9%, but down from 10.4% a year ago
Joblessness increased in 17 of the EU states and fell in 10, according to EuroStat
People less than 25 years old bore the brunt, as youth unemployment hit 23% in the EU and 23.8% in the euro zone in May, with Greece top at 59.2%
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