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Business Daily: Hard times and sacrifices   

07/09/2010

Hard times and sacrifices   

BBC World Service - Business Daily, Hard times and sacrifices

Does Ireland or Spain have the right approach to making public sector cuts?

Does Ireland or Spain have the right approach to making public sector cuts? Plus, the BBC's Joanna Jolly reports from Nepal on the companies faced with threats of extortion by Maoist rebels.

Austerity measures
Two Eurozone countries, Ireland and Spain have taken quite different approaches to try to plug their gaping deficits. Ireland brought in austerity measures early on, with deep cuts in public service salaries.  

Spain moved later, making cutbacks on a smaller scale. Which works better? 

To discuss this, Lesley Curwen spoke to Luis Garicano, Professor of Economics at the London School of Economics, and to Antoyn Murphy, Associate Professor of Economics at Trinity College, Dublin. 

Quants on Wall Street
Plus, the weird world of the Quants, the quantitative analysts who became Wall Street's darlings. Lesley Curwen talks to Scott Patterson, author of The Quants - How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It.

Nepal's economy
And the BBC's Joanna Jolly reports from Nepal, on the companies faced with threats of extortion by Maoist rebels.

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