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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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U.S. consumer confidence index declines in July

WASHINGTON (MarketWatch)
The consumer confidence index fell slightly in July to 80.3 from an upwardly revised 82.1 in June, the Conference Board said Tuesday
The decline in the index was sharper than the 81.1 forecast of economists polled by MarketWatch
Consumers were somewhat less optimistic about the health of the economy over the next six months, which accounted for the drop
The expectations index slid to 84.7 from 91.1 in June
The present situation index, however, rose to 73.6 from 68.7 to mark the highest level since early 2008

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