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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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GfK sees German consumer confidence steady in June

FRANKFURT (MarketWatch)
Consumer confidence in Germany is expected to remain steady in June, Nuremberg-based research firm GfK said Friday
The German consumer confidence index was steady in May at 5.7, with the overall indicator forecasting an identical reading for June, GfK said
"The consumer climate is therefore stable once again and is in a strong position for the onset of summer," GfK said
The closely watched German Ifo business climate index on Thursday fell more sharply than expected to a six-month low, reflecting increased concern among business managers over the impact of the euro-zone debt crisis

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