Capital Account - 11/4/11
The European Union departs the G20 summit in Cannes without the international support for its debt crisis plan it was looking for countries have pledged to continue talking about it. Greece’s prime minister faces a confidence vote that could change everything. Meanwhile, regardless of what politicians promise or hope political solutions will achieve, behind the curtain are we seeing a bank panic already underway? And In the US, unemployment inched down a notch last month from 9.1% to 9%. The economy added 80,000 jobs, but it would need to add more than 3 times the number of jobs every month for the next five years just to get back to pre-recession unemployment. So what does this mean for millions of unemployed Americans and the US economy. We speak to Edward Harrison, founder and chief contributor to Creditwritedowns.com.