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Apr 12, 2013

Italy “wise men” urge reform to help break political deadlock

ROME (Reuters) – A panel of “wise men” named by Italy’s president proposed sweeping political and economic reforms on Friday, but there was little sign they would achieve the aim of creating a consensus program to unite feuding political parties.

Italy has been left with a caretaker government for 45 days since an inconclusive election gave no party enough seats in parliament to govern alone, while personal enmity among faction leaders has made it all but impossible to agree a coalition.

Apr 10, 2013

Italy centre-left tensions rise as Renzi cries foul

ROME, April 10 (Reuters) – Italy’s centre-left alliance
showed new signs of division on Wednesday after the chief rival
to Democratic Party leader Pier Luigi Bersani denounced the
party hierarchy as efforts to form a government enter a critical
phase.

The deadlock has left the euro zone’s third-largest economy
with only a caretaker government in charge as it slides further
into a recession that many analysts expect will last until at
least next year.

Apr 10, 2013

Italy centre-left tensions rise as Renzi cries foul over vote

ROME, April 10 (Reuters) – Italy’s centre-left alliance
showed new signs of division on Wednesday after the chief rival
to Democratic Party leader Pier Luigi Bersani denounced the
party hierarchy as efforts to form a government enter a critical
phase.

The deadlock has left the euro zone’s third largest economy
with only a caretaker government in charge as it slides further
into a recession that many analysts expect will last until at
least next year.

Apr 9, 2013

Italy’s Bersani to meet Berlusconi, rules out “grand coalition”

ROME (Reuters) – Italian center-left leader Pier Luigi Bersani confirmed on Tuesday he would meet his center-right rival Silvio Berlusconi soon, but held out little hope of a breakthrough in the political stalemate since February’s inconclusive election.

Bersani, who won a majority in the lower house but fell short of the Senate majority which would have allowed him to form a government, has so far refused Berlusconi’s demands for a “grand coalition” between the two rival forces.

Apr 8, 2013

Italy stalemate leaves business waiting on reform

ROME/MILAN (Reuters) – A long stalemate since Italy’s inconclusive election has left government departments in Rome becalmed until a new administration arrives and powerless to respond to increasingly desperate calls for action from business leaders.

More than 40 days have passed since the parliamentary election, with rival center-left and center-right leaders Pier Luigi Bersani and Silvio Berlusconi and the populist 5-Star Movement led by ex-comic Beppe Grillo no closer to an accord that would allow a government to be formed.

Mar 31, 2013

Italian president at center of storm as deadlock continues

ROME (Reuters) – Italy’s 87-year-old President Giorgio Napolitano will face the greatest test of his career during his final weeks in office as he tries to end the standoff preventing a new government being formed more than a month after elections.

Following widespread reports he may resign to open the way for a new vote, Napolitano pledged to remain in office at the Quirinale palace until his term ends on May 15, averting the immediate threat of further turmoil.

Mar 29, 2013

Italy’s president seeks way out of political deadlock

ROME, March 29 (Reuters) – Italian President Giorgio
Napolitano meets political leaders on Friday in a bid to break a
month-old stalemate after an election left no party able to form
a government.

Centre-left leader Pier Luigi Bersani, who won the biggest
share of the vote in the February 25 vote but fell short of a
majority, told Napolitano on Thursday he had failed to secure
enough support from rival parties to form a government.

Mar 28, 2013

Attempt to end Italy crisis fails, president mulls next move

ROME, March 28 (Reuters) – Centre-left leader Pier Luigi
Bersani has failed in his attempt to find a way out of Italy’s
intractable political crisis and President Giorgio Napolitano
will now try to find another solution, the president’s palace
said on Thursday.

Bersani reported back to Napolitano on Thursday night after
being given a mandate almost a week ago to see if there was a
way to form a government after an inconclusive election in
February which plunged Italy into deadlock.

Mar 28, 2013

Italy’s Bersani makes last-ditch appeal for government deal

ROME, March 28 (Reuters) – Italy’s centre-left made a
last-ditch appeal to other parties on Thursday to clear the way
for a new government before its leader, Pier Luigi Bersani,
reports back to President Giorgio Napolitano later in the day.

Bersani, whose alliance fell short of the majority it would
need to govern after last month’s election, has made little
headway in five days of talks with rival parties.

Mar 27, 2013

Italy’s Bersani struggles to overcome election stalemate

ROME (Reuters) – Italian center-left leader Pier Luigi Bersani was left with only slim hope of forming a government after last month’s deadlocked election as talks with rival party leaders ended with a further rejection from Beppe Grillo’s 5-Star Movement.

The impasse in Italy has been closely watched by investors mindful of the turmoil which brought down Silvio Berlusconi’s government in 2011 and was reflected in rising borrowing costs at a closely watched bond auction on Wednesday.