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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Libor probe widens to include nine new banks: WSJ

LOS ANGELES (MarketWatch)
 A widening of the probe into manipulation of the key London interbank offered rate (Libor) has resulted in state subpoenas to nine more banks, The Wall Street Journal reported, citing an unnamed source
The report identified the banks as Bank of America Corp., Mitsubishi UFJ Financial Group Inc.'s , Bank of Tokyo Mitsubishi UFJ, Credit Suisse Group AG , Lloyds Banking Group PLC , Rabobank Groep, Royal Bank of Canada , Societe Generale SA , The Norinchukin Bank and West LB. The new subpoenas, issued in August and September, bring the total number of banks named in the probe to 16

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