Eurozone Debt Worries Exacerbated by Election Results

While the market has not recovered from the disappointing US job data, concerns about the sovereign debt crisis in the Eurozone exacerbated the sentiment as the Socialist party won the French election while exit poll of the Greek election suggested that supports for both pro- and anti-bailout parties are similar. As the new governments of both European countries are likely to opt for less austerity, the outlook to resolve the sovereign debt problems in the region has turned more difficult.

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Eurozone Debt Worries Exacerbated by Election Results