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Business Daily: IMF's European bailouts

01/06/2011

IMF's European bailouts

BBC World Service - Business Daily, IMF's European bailouts

Has the IMF been too ready to bail out Europe - would an Asian leader make a difference?

Has the IMF been too ready to bail out Europe - would an Asian leader make a difference? Plus, a journey down Russia's largest diamond mine.

Has the IMF been too ready to bail out Europe? Lesley Curwen talks to Swaminathan Aiyar from the free-market think-tank, the Cato Institute. He says the IMF should be conserving its funds to take care of the fallout from a possible Eurozone collapse.  

The BBC's Rachel Harvey reports from Bangkok on possible Asian candidates for the top IMF job.

Plus, as Russia's state-owned diamond company Alrosa prepares to issue shares, the BBC's Kristina Block reports from Mirny in Russia's Far East - it is a 'mono-town' built in the 1950s around one of the world's largest diamond mines.

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