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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EU, bank mulling Greek bailout details: WSJ

CHICAGO (MarketWatch)
European Union officials and leaders of the euro-zone's central bank still haven't hammered out key details of a bailout of Greece, The Wall Street Journal reported Monday, two days before an important meeting to approve the next round of bailout funds for Greece
Though the Greek Parliament has unveiled a new austerity plan that calls for severe cuts in spending, pensions and wages, several things must still be determined, the article said
It remains to be seen what role Greece's European creditors will play in a proposed restructuring of Greek debt; whether or not the goal is still to cut Greece's debt to 120% of its GDP by 2020; and what kind of assurances Greek political leaders will offer before the nation's next election, the Journal reported

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