Market speculation on interest rate hikes has kept the euro afloat for now. However, while the global attention is currently on Libya, “the focus is quickly then going to shift” to how the eurozone will resolve its ongoing debt problems, says Greg Salvaggio, vice president of capital markets at Tempus Consulting in Washington.
The Irish elections focused on political reforms, according to The Irish Times. The polls show a preference for a strong and stable government to navigate economic conditions of Ireland, even with the diminishing support for Fianna Fáil.
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Max Chen contributed to this article.