IMF's European bailouts

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.