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José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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Merkel: Germany open to temporary firewall boost

FRANKFURT (MarketWatch)
German Chancellor Angela Merkel on Monday said Germany may be open to boosting the overall size of the euro-zone bailout funds to around 700 billion euros ($930 billion), news reports said Merkel said she backs allowing the temporary European Financial Stability Facility, which has provided around 200 billion euros in loans to bailout recipients, run alongside the permanent, 500-billion euro European Stability Mechanism, that is set to become operational at midyear, reports said
Germany had previously resisted calls to boost the size of the region's firewall.

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Merkel admite fondo de rescate a 700.000 millones

La canciller alemana, Angela Merkel, ha cedido a la presión y ha aceptado este lunes un aumento limitado de 500.000 a 700.000 millones de euros en la dotación del fondo de rescate para países endeudados. La opción que apoya Berlín se queda sin embargo corta respecto a los 940.000 millones de euros que Bruselas estima necesarios para que el mecanismo tenga un efecto disuasivo suficiente a fin de evitar nuevos ataques a España e Italia. Los ministros de Economía de la eurozona adoptarán una decisión el próximo viernes en Copenhague.