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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Australia current account deficit widens in Q1

SYDNEY (MarketWatch)
Australia's seasonally adjusted current-account deficit widened by 5.25 billion Australian dollars ($5.1 billion) to A$14.89 billion in the three months to March 30, the government reported Tuesday
Exports fell 7%, while imports fell 1%
Economists had been expecting a deficit of A$14.7 billion in the quarter, according to a survey compiled by Dow Jones Newswires

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