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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Top Swiss central banker Philipp Hildebrand, ensnared in currency-trade controversy, quits

LONDON (MarketWatch)
The Swiss National Bank said Monday that Philipp Hildebrand is resigning from his office as chairman of the governing board of the central bank effective immediately.
Hildebrand's resignation comes amid a controversy over currency trades made by his wife just weeks ahead of an SNB move that significantly weakened the franc.
Just last week, Hildebrand had said he had no plans to resign and denied any wrongdoing.

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