James's Feed
Apr 22, 2013

Hopes rise for new Italy government after Napolitano re-elected

ROME (Reuters) – Italy’s newly re-elected president Giorgio Napolitano will push forward on Monday with efforts to form a new government and end two months of stalemate that blocked economic reform and created growing unease among Rome’s international partners.

Financial markets opened higher, with the main barometer of investor confidence, the spread between yields on 10-year Italian bonds and their safer German counterparts, narrowing sharply and Italian stocks among the main gainers across Europe.

Apr 20, 2013

Giorgio Napolitano, Italy’s reluctant president

ROME (Reuters) – One week ago, with his office in the Quirinale Palace already cleared of his books and papers, Italian President Giorgio Napolitano said: “They won’t convince me to stay”. In the end they did.

Just over two months before his 88th birthday, Napolitano yielded to the pleas of Italy’s squabbling politicians and agreed to a second term in office to try to end the chaotic stalemate left by February’s deadlocked election.

Apr 19, 2013

Italy center-left leader Bersani quits after vote debacle

ROME (Reuters) – Center-left leader Pier Luigi Bersani announced his resignation on Friday after party rebels sabotaged two separate candidates he had backed for state president, deepening Italy’s political chaos.

Bersani told a meeting of parliamentarians he would quit as Democratic Party (PD) leader as soon as the election of the next head of state was completed, following two dramatic days of parliamentary voting in which successive center-left candidates were scuppered in secret ballots.

Apr 18, 2013

Italy parliament fails to elect state president

ROME (Reuters) – Italy’s parliament failed to elect a new state president in its first vote on Thursday, with divisions in the center-left alliance torpedoing a quick victory for its official candidate Franco Marini.

Marini, a former Senate speaker, won just over 520 votes, well below the required two thirds majority or 672 of the 1007 members of both houses of parliament and regional representatives in the presidential poll.

Apr 18, 2013

Vote on Italy president risks deep centre-left split

ROME, April 18 (Reuters) – Italy’s divided parliament began
voting for a new state president on Thursday, with the
centre-left alliance led by Pier Luigi Bersani deeply split over
the choice of former Senate speaker Franco Marini as their

Bersani nominated Marini, a prominent Catholic and former
head of the moderate CISL union, in order to forge a broad
accord on the presidency with centre-right leader Silvio
Berlusconi and the small centrist grouping of caretaker Prime
Minister Mario Monti.

Apr 17, 2013

Vote on Italy president risks center-left split

ROME (Reuters) – Italy’s divided parliament begins voting for a new state president on Thursday, with former Senate Speaker Franco Marini the main candidate in a ballot that will severely strain the unity of the center-left alliance led by Pier Luigi Bersani.

The vote for a successor to President Giorgio Napolitano, whose term ends on May 15, will be a crucial step towards resolving the stalemate since the inconclusive election in February left no party with enough support to form a government.

Apr 16, 2013

Italy’s 5-Star picks journalist as presidential candidate

ROME (Reuters) – Italy’s anti-establishment 5-Star Movement chose a television journalist as its candidate for president on Tuesday and hinted it could co-operate with center left if she were elected.

Choosing a successor to President Giorgio Napolitano, whose term ends on May 15, is a vital step toward resolving the stalemate created by an inconclusive general election in February that left no party able to form a government.

Apr 15, 2013

Italy’s Monti, Bersani seek agreement over new president

ROME (Reuters) – Outgoing Italian Prime Minister Mario Monti and center-left leader Pier Luigi Bersani moved closer to agreement on Monday on choosing a new president, a vital step to ending the stalemate created by an inconclusive election in February.

Seven weeks after the general election, which left no party with a viable majority in parliament, Monti remains head of a caretaker government with vital reforms on hold until a new administration can be formed.

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

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.