Tuesday, 26 February 2013

How the Italian elections are being viewed in the UK

Have a look at The Guardian's interpretation of the election results in Italy.
Click here for full article

Here we have the highlights for you:

Neither right nor left had an outright majority in the upper house, where the balance will be held by Beppe Grillo's Five Star Movement (M5S). Grillo has ruled out supporting either side in his drive to sweep away Italy's existing political parties and the cronyistic culture they support – a sentiment he appeared to reiterate after the countby insisting the M5S was not planning on "any stitch-ups, big or small" and lambasting Berlusconi's voters for committing "a crime against the galaxy".


In an audio message broadcast live online, Grillo said that, after his movement's "exceptional" results, the mainstream parties were "finished, and they know it". "We've started a war of generations … They've been there for 25 to 30 years and they've led this country to catastrophe," he said. "We will be an extraordinary force … We will be 110 inside [the parliament] and several million outside."


The result indicated that fresh elections were a strong possibility and, at best, foreshadowed a weak government unable to pass the tough reforms Italy needs to enhance its grim economic prospects.


European leaders have been desperate to see a stable government in Italy, and are likely to be horrified at the triumph of populism in the eurozone's third biggest economy.

Grillo, and to a lesser extent Berlusconi – both showmen politicians – were the victors. The understated Bersani saw an initially substantial lead in the polls slip away. Angelino Alfano, named by Berlusconi as the right's prime minister in case of victory, said the result was "very positive – I would say extraordinary, even – and we are very satisfied".

Turnout in the election was about 75% – the lowest since the Italian republic was founded after the second world war...... But it was rooted in widespread disillusionment over the corruption and stagnation in Italian politics.

Now that risk is fast taking shape again. Berlusconi is deeply mistrusted in the markets and Grillo wants a referendum on whether Italy should quit the euro. Mired in recession, Italy has had a decade of economic near-stagnation followed by a year of punishing austerity that has made the pledges of both men – though lambasted by their opponents as unfeasible – highly attractive.

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