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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Dow, S&P 500 both drop more than 2% for the week

NEW YORK (MarketWatch)
U.S. stocks finished higher on Friday, as data showing a rise in consumer sentiment appeared to eclipse anxiety about how Congress and the White House will resolve the fiscal-cliff challenge The Dow Jones Industrial Average gained 4.07 points, or 0.03%, to end at 12,815.39, but declined 2.1% for the week
Boeing Inc. and Caterpillar Inc. were among the top gainers in the Dow
This was the Dow's third consecutive week of losses
The Dow and the S&P 500 index  endured their worst week since June as measured by their weekly percentage drops
The S&P 500 rose 2.34 points, or 0.2%, to end at 1,379.85, but declined 2.4% for the week
The Nasdaq Composite  climbed 9.29 points, or 0.3%, to end at 2,904.87, but dropped 2.6% for the week

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