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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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French consumer confidence drops in February

PARIS
French consumer confidence dropped in February as households are losing confidence in their ability to save money and expect living standards to fall and unemployment to rise                                        
The monthly survey of consumer confidence by statistics bureau Insee showed a further drop below the long term average of 100 to 85 in February from 86 in January                                        
Households are increasingly concerned about unemployment and are losing confidence about future living standards, the survey showed
The measures of consumers' ability to save in the future also fell to -7 in February from -1 in January                                        
The weakening consumer confidence comes as President Francois Hollande's government is banking on a surge of confidence from pro-business policies announced in January to turn around the sluggish economy
So far, the plans have had little impact and figures showed the number of unemployed people reached a fresh all-time high in January
Insee's survey also showed a drop in inflation expectations, reflecting concerns that the euro-zone is at threat from deflation.
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