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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.

Cotización de las Principales divisas en tiempo real

Cotización de las Principales divisas en tiempo real
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viernes, 20 de julio de 2012

Spain’s Valencia region seeks financial aid

MADRID (MarketWatch)
The government of the Spanish region of Valencia said Friday it will apply for financial aid from a newly created government fund, as it struggles to refinance maturing debts
“Valencia, like other regions, is suffering the consequences of liquidity restrictions in markets which are a result of the economic crisis,” the region said in a statement
The central government launched the fund last week, and said it would lend out a maximum of 18 billion euros ($22 billion) to regions before the end of the year
In exchange for receiving the emergency funding, regions will have to reduce their budget deficits by more than they had earlier planned

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