ECB ready to take aggressive action over debt crisis
Expat Financial & Investment News Update - 2nd December 2011
The European Central Bank head signaled the bank is ready to take more aggressive action to stem the eurozone debt crisis. The announcement came as the Bank of England said the UK is entering an exceptionally threatening environment. And French President Sarkozy called for a new European fiscal pact incorporating tougher budget discipline as well as a European Monetary Fund to support countries in trouble. Robert Harris of Forth Capital explains. Plus, U.S.unemployment figures remain unchanged at 9 percent.