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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ECB's Weidmann lines up behind Draghi on inflation

By MarketWatch
Deutsche Bundesbank President Jens Weidmann Thursday said he sees only a limited risk of deflation, lining up behind European Central Bank President Mario Draghi on an issue that has divided central bankers in the euro zone                                        
"I fully agree with my colleague Mario Draghi that there is no reason to cultivate irrational inflation fears," said the ECB governing council member. "This doesn't mean that fighting inflation is no longer an issue for the future. I advocate for a sober analysis of the situation and to keep in mind long-term threats to price stability."
Mr. Draghi last week promised to maintain the central bank's easy-money policy and to respond with "further decisive action" if inflation weakens to dangerously low levels. Growth in the euro zone has returned but it's still weak.
The ECB kept its key lending rate unchanged at a record-low 0.25% last week, as widely expected                                        
"Fear of a Japanese scenario are inappropriate," Mr. Weidmann said, referring to the Asian country's decades-long battle with persistent, broad-based declines in prices that restrained the economy                                        
He defended the ECB's low interest rate as an incentive to spend and invest more but said that this mustn't remain a permanent situation

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