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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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Greece asks for more time for budget cuts: report

SAN FRANCISCO (MarketWatch)
Greece wants two more years to implement its latest austerity program, and will formally ask European leaders for the extra time next week, according to the Financial Times on Tuesday
The extra time would allow Greece to spread out budget cuts over a longer period as it tries to spur economic growth in order to be able to pay its debts, the report said, citing a document in its position or obtained by the newspaper

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