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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EU officials see more Greek restructuring: report

FRANKFURT (MarketWatch)
Greece will likely require another round of debt restructuring, with the burden falling on the European Central Bank and euro-zone governments, Reuters reported Tuesday, citing unidentified European Union officials
Officials from the European Commission, International Monetary Fund and the ECB returned to Athens Tuesday to assess Greece's efforts to bring its debt down to sustainable levels
The news report said the EU officials described Greece as far off track, requiring a restructuring of around 200 billion euros ($241 billion) of Greek government debt held by the ECB and euro-area governments

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