Wilbur Ross: EU Private Sector Getting Hit

6:34 AM ET Fri, 14 Oct 2011

There is a hope that some clarification will come about on how to use the EFSF and more importantly how to supplement it so its big enough to get the job done, says Wilbur Ross, WL Ross chairman/CEO, who adds that the European Union is always a page or two behind a deteriorating situation.