Original version

BBC World Service Online

Business Daily

Factual: Money

The daily drama of money and work from the BBC.

Business Daily: Bank capital

28/10/2011

Bank capital

BBC World Service - Business Daily, Bank capital

Could part of the eurozone deal damage growth? A warning from economist Tim Congdon.

Could part of the eurozone deal damage growth? A warning from monetarist economist Tim Congdon. Plus, Google defends its response to customers who have had their email accounts attacked.

Leading British economist Tim Congdon warns that a key part of the eurozone deal, bank recapitalisation, could in fact be counter-productive. 

He argues that if banks are quickly forced to hold much more capital, that takes money out of bank deposits and could 'bring a serious downturn' to Europe.

Plus, technology commentator Jeremy Wagstaff reports on how email accounts are being hi-jacked by criminals who then send begging letters to the stolen email contacts. 

He criticises Google for its response to this kind of attack. Lesley Curwen asks Anthony House, Google's privacy manager to answer the criticisms.

Accessibility links

Programme Index

Business Daily

Bank capital

Genres

Brand

BBC World Service Online

About BBC World Service