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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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Japan's retail-sales growth slows further in May

LOS ANGELES (MarketWatch)
Japan's retail sales rose 3.6% in May compared to a year earlier, the government reported Thursday, extending a trend of slowing growth for the sector
Large retailers saw their May sales fall 0.9% from the year-earlier month, the Ministry of Economy, Trade and Industry data showed
Sales growth had been easing during the quarter, with April sales rising a less-than-forecast 5.7% year-on-year, after a 10.3% jump in March

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