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Business Daily: Latvia and austerity

25/01/2011

Latvia and austerity

BBC World Service - Business Daily, Latvia and austerity

Latvian Prime Minister, Valdis Dombrovskis on why austerity cuts should be done quickly

Latvian Prime Minister Valdis Dombrovskis on why austerity cuts should be done quickly, and round-the-world sailor Dee Caffari tells of her life-changing decision to leave a teaching job.

Latvian Prime Minister Valdis Dombrovskis tells Lesley Curwen why he thinks painful austerity cuts should be done quickly. He also reveals that officials from other deficit-ridden nations, including the UK, have been seeking advice from Latvia. 

And round-the-world sailor Dee Caffari tells of her life-changing decision to leave the world of teaching. It happened after the death of her father, who had advised her to  act on her yearnings for adventure. 

Plus, the BBC's Chris Hogg reports from Shanghai on why China's elite workers are less than keen to work for global companies.

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