James Walston News
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Italian lawmakers will begin the election of a new president on April 18 as the legislature seeks to end a political impasse that’s left the country without a new government six weeks after elections.
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Italy’s political impasse extended into a second month as a 10-man committee named by President Giorgio Napolitano started work on building consensus toward a new government before his term expires in six weeks.
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President Giorgio Napolitano was preparing for a second day of talks with leaders of Italy’s fractious parliament as he seeks to broker a compromise on forming a government in Europe’s fourth-largest economy.
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Beppe Grillo’s senators-elect, who hold a blocking minority in Italy’s upper house of parliament, may consider staging a confidence-vote walk-out to allow a political rival to form a government and ease gridlock.
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Italy is set to gauge investor reaction to elections that produced a hung parliament and threaten another vote this year.
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Italian Prime Minister Silvio Berlusconi ’s government risked unraveling after the co-founder of his ruling party called on the premier to resign and threatened to pull his ministers out of the administration.
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Italy’s borrowing costs rose to the highest in almost four months one day after elections that produced a hung parliament, creating the risk of another vote this year.
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When Silvio Berlusconi said he wanted to live forever, he wasn’t joking.
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About 4 million Sicilians can have their say today in regional elections that amount to a key test before a national vote next year set to shape Italy’s future.
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Italian voters, weary of funding scandals and austerity, are getting new-look politicians who aim to please by swimming to Sicily and renouncing sex in a regional election that may shape Prime Minister Mario Monti’s future.
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