Italy's election
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Monti says no country has such a bad electoral law as Italy #italyreuters #italyvoteby antonella.ciancio via twitter 2/25/2013 9:52:25 PM -
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Monti says a transparent government in Italy must be ensured #italyreuters #italyvoteby antonella.ciancio via twitter 2/25/2013 9:56:18 PM
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#italyelections: no winners, only losers! #elezioni2013 #italyreuters #italyvoteby Francesca Boccolini via twitter 2/25/2013 10:23:28 PM -
Australian shares are set to open lower on Tuesday on worries of Italy could end up with a split parliament. #italyreuters #italyvoteby antonella.ciancio via twitter edited by anthony.derosa 2/25/2013 10:24:14 PM
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“We invented fascism, the Christian Democrats, Berlusconi, and now we’ve even invented Grillo” @profdalimonte to@nytimes #italyreutersby massi_ricciuti via twitter 2/25/2013 10:24:19 PM -
Italy's centre left says has won in election for lower house #Italyreutersby Catherine Hornby via twitter 2/25/2013 10:27:41 PM -
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"I don't want to know the result, I don't care, as soon as I get my degree I'm out of here," -Rome economics student Leon, 23 #italyreutersby Naomi O'Leary via twitter 2/25/2013 10:34:24 PM -
According to official results on the Interior Ministry's Web site, the centre left is leading by fewer than 200,000 votes with about 2,000 voting stations left to count. Projections given by television channels also said the centre left should barely win the lower house.
Whoever wins the lower house will automatically be awarded 340 of the 630 seats. The Senate result remains unclear, but projections show that no party or coalition probably won a majority of seats. -
Analyst View
"We are going to see a spike in the interest rates that will stay around during this period, and if there needs to be a subsequent election, these higher interest rates will stick around for a while until that election comes about," says Jeffrey Bergstrand, finance professor at University of Notre Dame. -
READER COMMENT: The sooner euro goes to hell, the better for all the southern European countries, especially for Greece, where the middle class is disappearing, the majority of the working class is starving, and two generations at least are going to be lost... -
"25% voted for a comedian; another quarter voted for another comic! It's a setback for our international reputation" -student #italyreutersby Naomi O'Leary via twitter 2/25/2013 10:45:45 PM
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Analyst View
"Europe hasn't gone away as an issue, it is going to hang around, and it is rearing its ugly head today," said Stephen Massocca, managing director of Wedbush Morgan in San Francisco.
"If someone gets elected who is simply not going to play by the rules, what are they going to do? It puts them in a real quandary here because their financial support, their monetary support is all stipulated by the fact that these austerity programs are going to be in place." -
Analyst View
If we see a hung parliament, then the market would rather go risk off ... no-one really wanting to commit to buy periphery in the scenario where you don't know for weeks or maybe one or two months how the future in Italy is going to be," says Christian Lenk, a strategist at DZ Bank. -
Financial Times home page reading: Italy braces for a second election #italyreuters #italyvoteby antonella.ciancio via twitter 2/25/2013 10:49:51 PM
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Analyst View
Kevin Lilley, European equity fund manager at Old Mutual Asset Managers, said he had sold European bank stocks in the run-up to the Italian vote.
He added he could sell more equities if Berlusconi's centre-right party won the Senate, while he might buy back some of those bank stocks he had earlier sold if the centre-left came
out on top.
"It will be 'risk-off' if Berlusconi wins. Italian bond yields will go up in the short-term," he said. -
Analyst View
Oil gave back some gains as financial markets slipped after exit polls from Italy's national election fed fears of political stalemate in the euro zone's third largest economy.
"It seems like we've had an emotional turnaround. We started off on the bullish foot this morning with China and we also had optimism that the Italian election would have a happy outcome, but it doesn't look like we have a happy outcome. It looks like we have a confusing outcome," said Phil Flynn, an analyst at Price Futures Group in Chicago. -
Post Vote View
TV colleague Antonio Denti went down to the centre of Rome to talk to some Italians about the elections. This is what they had to say:
"It is a problematic result but it is the choice of the Italian people so we just have to make it work," says Rome resident Massimiliano Buonasante, talking to Reuters close to the Trevi fountain. -
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Centre-left is claiming victory in lower house with most votes in. They are 148,408 votes ahead of central right, on 29.58% #italyreutersby Naomi O'Leary via twitter 2/25/2013 11:04:12 PM
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MT @pbersani Centrosinistra ha vinto Camera ed è avanti a Senato. Gestiremo responsabilità... nell’interesse dell’Italia #italyreutersby Naomi O'Leary via twitter 2/25/2013 11:06:20 PM
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Analyst View
The uncertainty around the Italian elections adds a level of instability and risk back into markets that had mostly been gone, according to Jens Nordvig, chief currency strategist at Nomura Securities in New York.
"Political risk in the euro zone should not be ignored," he wrote in a note. "Lack of reform momentum in Italy may over time impact the (European Central Bank's) ability to backstop its bond market, implicitly and explicitly." -
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Italy's centre left to win lower house, Senate deadlocked #italyreuters #elezioni2013by SchererSteve via twitter 2/26/2013 12:44:13 AM -
Italy's centre left to win lower house, Senate deadlocked
Italy's centre-left coalition will win a majority in the lower house of parliament but the upper house will be deadlocked, the Interior Ministry said on Tuesday after almost all votes were counted.
After 99.9 percent of the polling booths had been tallied, the centre-left led the centre-right by about 125,000 votes in the lower house, handing it a sizeable majority thanks to a generous winner's bonus.
But the Senate was a different story. The centre left was sure to win more seats than the centre right in the upper house, but fell well short of a majority, even in coalition with outgoing Prime Minister Mario Monti's help.
Since both houses are needed to pass laws, the centre left would need the help of comic Beppe Grillo's 5-Star Movement or Silvio Berlusconi's centre right to pass laws, currently an unlikely prospect. If no agreement can be reached, a new vote would have to be called. -
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Bracing for #Italian stocks, bonds performance today. #italyreuters #italyvote #Elezioni2013by ReutersLJucca via twitter 2/26/2013 6:45:47 AM -
Someone told me today: Italy is changing. This is the beginning of a historic change. #italyvote #italyreutersby antonella.ciancio via twitter 2/26/2013 10:07:39 AM
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What if a longer-term view about Italy - beyond the painful transition - showed a different picture? #italyreuters #italyvoteby antonella.ciancio via twitter 2/26/2013 10:10:52 AM
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Financial markets accelerated the end of Italy's government in 2011. What will happen now? #italyreuters #italyvoteby antonella.ciancio via twitter 2/26/2013 10:15:56 AM
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Grillo at his home in Genoa keeping reporters waiting outside for a comment. But decided to meet an elector. #italyvote #italyreutersby antonella.ciancio via twitter 2/26/2013 10:18:31 AM
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"Italy needs radical change"says Siro Badon, small business owner near Venice. He doubts politicians can stand up to challenge #ItalyReutersby Danilo Masoni via twitter 2/26/2013 10:51:57 AM -
"Positive contagion" of past months already in reverse, but "contagion to Spain still relatively contained" -@NicholasSpiro #italyreutersby Naomi O'Leary via twitter 2/26/2013 12:08:13 PM
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"It's excellent...we hope to change politics. The old parties did nothing for 30yrs. Dont think they'll start now" -#M5S voter #italyreutersby Naomi O'Leary via twitter 2/26/2013 12:23:29 PM
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"I will vote 5-Star next time. I like that they're changing things...Uncertainty doesn't matter to me" -former Socialist voter #italyreutersby Naomi O'Leary via twitter 2/26/2013 12:25:49 PM
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"It depends on what they do, but for now I say I'll definitely vote for them again," - 5-Star voter Gianlorenzo, 22, Rome #italyreuters #M5Sby Naomi O'Leary via twitter 2/26/2013 12:27:18 PM
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Italian 10-year BTP bond auction tomorrow big challenge for Treasury #italyreuters #italyvote #Elezioni2013by ReutersLJucca via twitter 2/26/2013 1:10:35 PM
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"We did not achieve governability so we didn't win even if we came 1st...we are aware of the risks for the country" -@pbersani #italyreutersby Naomi O'Leary via twitter 2/26/2013 4:37:03 PM
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Italy's FTSE Mib index closes down 4.9 pct. #italyreutersby antonella.ciancio via twitter 2/26/2013 4:46:07 PM
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Graphic illustration of results in Italy's parliament, and why it is ungovernable #italyreuters #italyvote http://pbs.twimg.com/media/BEC2050CIAAuEkF.jpg
by Naomi O'Leary via twitter 2/26/2013 4:49:07 PM -
Italy parties seek way out of election stalemate
Italy's stunned political parties looked for a way forward on Tuesday after an election that gave none of them a parliamentary majority, posing the threat of prolonged instability and European financial crisis. -
5-Star Movement lowered average age in Italy lower house by 9 years. Youngest is Marta Grande, 25 http://www2.coldiretti.it/News/Pagine/141---26-Febbraio-2013.aspx #M5S #italyreutersby Naomi O'Leary via twitter 2/27/2013 7:56:50 AM
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