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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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German April Ifo index edges higher to 109.9

FRANKFURT (MarketWatch)
The Munich-based Ifo Institute's German business confidence index rose to 109.9 in April from a reading of 108.8 in March, news reports said Friday
Economists had forecast a decline to 109.5

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