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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.
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Fitch lowers Japan growth estimate to 1.9%

HONG KONG (MarketWatch)
Ratings agency Fitch on Thursday cut its view on Japan's 2012 economic growth outlook to 1.9% from its December forecast of 2.2% growth, citing statistical changes in base year calculations using national accounts
Fitch said it used 2005 figures in the calculations released Thursday, whereas it had used 2000 national accounts data in its December estimates
The ratings agency said it expects modestly higher Japanese consumption growth in 2012 supported by strong incomes

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