All EURO Roads Lead To Rome
Euro-political instability never went away, it just lay dormant. Italy has managed to deliver to global capital markets a recipe for successful 'political gridlock.' A country considered as one of the strongest amongst the Euro peripheries has managed to deal a heavy blow to recent efforts to calm the Euro-periphery debt crisis. Its people have voted against austerity and reform and may be in the process of voting against the 17-member single currency unity while they are at it.
The Italian general election has yielded an inconclusive outcome, with Bersani's PD winning the Lower Chamber by a slim margin and no clear majority in the Senate. Over the coming days Bersani will meet with Berlusconi's PDL and Grillo's M5S, to discuss post-election scenarios. Not unlike mainstream politics, in countries under the austerity hammer, has convinced Italian voters to reject policies pursued by sitting Prime Minister Monti.
A long recession has convinced the Italian people...
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