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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 private-sector growth slows in October : THE EURO IS DEAD

By MarketWatch
Private-sector activity in the euro zone grew at a slower pace in October, suggesting that the currency area's return to economic growth remains tentative as it enters the final quarter of the year
Distilling the results of its survey of 5,000 companies in the services and manufacturing sectors, data firm Markit said its Composite Purchasing Managers Index fell to 51.5 from 52.2 in September
A level below 50.0 indicates activity is declining, while a reading above that mark shows that activity is increasing
The outcome was weaker than expected, with 14 economists surveyed by The Wall Street Journal last week having estimated that the measure rose to 52.4 in October
The PMI for the services sector fell to 50.9 from 52.2, while the PMI for manufacturing rose to 51.3 from 51.1
Despite the slowdown across the euro zone as a whole, there were signs that growth was becoming more balanced
Business activity barely grew in France and slowed in Germany,
but other parts of the euro zone recorded a third straight month of increased activity, the first such stretch since the second quarter of 2011
The survey showed that activity is unlikely to pick up strongly in the coming months
While new orders continued to rise, they did so only slightly
And in a sign that businesses lack confidence in the strength of future demand, payrolls were cut for the 22nd month in a row, indicating that a rapid decline from near record-high levels of euro-zone unemployment is unlikely
"The dip in the PMI in October is clearly disappointing, but it would be unwise to read too much into one month's data," said Chris Williamson, chief economist at Markit
"It's too early to say that the recovery is losing momentum."
Figures released by the European Union's official statistics agency Eurostat showed that the euro zone's gross domestic product rose in the three months to June, having fallen for the previous six quarters
Eurostat will publish GDP figures for the third quarter on Nov. 14.
While business surveys suggest the euro-zone economy continued to grow in the three months to September,official figures for industrial production are less clear, and unemployment remains elevated
Earlier this month, an influential group of European economists that calls periods of expansion and recession said it was too early to declare that the euro zone has emerged from recession, and the single-currency area's return to growth in the second quarter may prove temporary
The Centre for Economic Policy Research's Business Cycle Dating Committee doesn't use the common definition of a recession as being two consecutive quarters of contracting GDP
Instead, it the uses a broader definition, as does the National Bureau of Economic Research's Business Cycle Dating Committee in the U.S., placing more weight on developments in the jobs market
Eurostat figures show that euro-zone employment fell in the second quarter
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