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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Fed's Fisher: Markets may take tapering in stride

WASHINGTON (MarketWatch)
Financial markets may take in stride any decision by the Federal Reserve to step back from its asset purchase program, said Richard Fisher, the president of the Dallas Fed Bank, on Thursday
"It may be much less disruptive" than when the Fed first floated the idea of tapering, Fisher said in an interview on CNBC
"We have begun to socialize the idea...that there is no such thing as QE infinity," Fisher said
"The markets have begun to digest it-- the yield curve has become steeper. I think it has begun to be discounted in the market," he said
Fisher said that speeches by several Fed officials in the past week show that "we're all singing from the same songbook," he said
The economy is on the mend and, assuming the data keeps moving in the direction it has been going, it will be timely for the Fed to dial back on asset purchases, he said
Fisher has said he favors a September start to tapering but the timing was undecided
"That will have to be hammered out in the committee at the appropriate time," he added

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WASHINGTON (MarketWatch) -- The Federal Reserve chairman should hold a press conference in October and all of the other seven policy-making committee meetings in a year, said James Bullard, the president of the St. Louis Fed Bank, on Wednesday. October is important to Bullard because he has suggested that September may be too early for the Fed to taper its $85 billion asset purchase program. In remarks at the Louisville, Ky. branch of his regional bank, Bullard said that the Fed "should make all meetings ex ante identical so that key decisions can be made at any juncture." He repeated that the central bank needs to see more data on the economic performance for the second half of 2013 before deciding to slow down the $85 billion-per month asset purchase plan. Bullard is a voting member of the Fed's policy-making committee this year