James's Feed
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.

Mar 23, 2013

Italy president asks Bersani to see if can form government

ROME (Reuters) – President Giorgio Napolitano asked centre-left leader Pier Luigi Bersani on Friday to assess whether he can win enough support in Italy’s divided parliament to form a government and end the political deadlock left by elections last month.

After two days of consultations with political leaders, Napolitano said he had given Bersani a mandate to talk to other parties and see if he can get the guaranteed support needed for a vote of confidence in both houses of parliament, where no single group has a workable majority.

Mar 22, 2013

Italy president summons Bersani for possible mandate

ROME, March 22 (Reuters) – Italian President Giorgio
Napolitano called centre-left leader Pier Luigi Bersani to a
meeting on Friday, suggesting he may ask the former industry
minister to seek support from other parties to form a government
and end political deadlock.

Napolitano completed two days of consultations with party
leaders on Thursday after an election last month which gave the
centre-left control of the lower house but left it short of a
majority in the Senate, meaning it cannot govern alone.

Mar 22, 2013

No sign of political unity as Italy awaits president’s decision

ROME, March 22 (Reuters) – Italian parties reacted
sceptically on Friday to centre-left leader Pier Luigi Bersani’s
call for a government backed by all political forces,
complicating President Giorgio Napolitano’s efforts to end the
stalemate left by last month’s election.

Napolitano has ended consultations with the parties to try
to form a government after the election which gave the
centre-left control of the lower house but left it short of a
majority in the Senate and thus unable to govern alone.

Mar 21, 2013

Italy parties split as president seeks way forward

ROME, March 21 (Reuters) – Italy’s political parties
remained far apart on Thursday as President Giorgio Napolitano
sought to form a government after last month’s deadlocked
election left no group with a majority in parliament.

The election gave Democratic Party leader Pier Luigi
Bersani’s centre-left alliance with the leftist SEL party a
majority in the lower house but not in the Senate, leaving it
unable to govern without the support of other parties.