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Are Euro Attacks Justified?

Duration:
18 minutes
First broadcast:
Tuesday 02 March 2010

Speculators have made giant financial bets against Greek government debt, and against the Euro. Critics say that such attacks are de-stabilising and destructive. But the speculators, including a swathe of hedge funds and financial traders, would argue they are an important part of the machinery of capitalism because they point up big problems which need to be addressed.
Recently, media reports suggested that hedge fund bosses got together for meetings in New York where they discussed whether the euro may fall in value to the point where it reaches parity with the US dollar. Do these meetings amount to collusion? British hedge fund manager Hugh Hendry from Eclectica Asset Management says that is nonsense, and he argues speculation is good, if it throws light on political mistakes.

Plus Edward Yu from Analysis International describes how Chinese consumers use the internet.

And the BBC's Rachel Harvey reports from Bangkok on a row over environmental regulations at a huge industrial complex, called Map Ta Phut.

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