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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IMF says Russia has entered recession: report

LONDON (MarketWatch)
The International Monetary Fund  cut its economic growth forecast for Russia and said the country is in recession right now , Reuters reported
Antonio Spilimbergo, the IMF's mission chief to Russia, reportedly said the international sanctions imposed on Moscow by the U.S. and EU were bruising the Russian economy and threatening investments
To reflect the fallout from the sanctions, the IMF cut its 2014 forecast to 0.2% economic growth from 1.3% expected previously, according to Reuters

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