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 plan would boost firewall to 940B euros: report

FRANKFURT (MarketWatch)
A plan being weighed by euro-zone finance ministers would boost the region's firewall to 940 billion euros ($1.25 trillion)for one year in an effort to contain the debt crisis, a news report said Wednesday
Euro-zone finance ministers will likely decide on Friday to allow the permanent 500 billion euro European Stability Mechanism operate alongside the temporary European Financial Stability Facility, while also allowing the temporary fund's remaining 240 billion euros in unused funds to remain available through mid-2013 "in exceptional circumstances," Bloomberg reported, citing a draft document dated March 23

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