Bad banks

Available for over a year

Should toxic loans be put into a dumping-ground, a so-called bad bank, or should the banks be left to sort the mess out for themselves? Lesley Curwen talks to Constantin Gurdgiev, who is Adjunct Professor of Finance at Trinity College, Dublin about the Irish bad bank, NAMA. Javier Diaz-Gimenez, Professor of Economics at the I.E.S.E business school in Madrid explains why he thinks Spain is better off without a bad bank. Plus, the BBC's Mark Tully asks whether India is ever going to open its supermarket industry to foreign retailers.