Italy: Venice votes for independence in unofficial poll | EUobserver

A self-organised “referendum” over the independence of one of Italy’s wealthiest regions has resulted in an overwhelming victory for the separatist camp, but authorities in Rome have largely ignored the result, amid scepticism over the regularity of the informal, non-binding poll. Nevertheless, events in Veneto, the north-eastern region around Venice that is home to almost 5 million people, have attracted international attention, particularly from government-sponsored Russian media, keen to draw comparisons with the military-backed vote that sanctioned Moscow’s annexation of Crimea. Out of 3.8 million eligible voters, 2.3 million took part in Veneto’s independence “plebiscite,” organisers said Friday, after six days of voting through makeshift polling booths, via phone or the internet. The pro-secession camp was declared the winner with over 89 percent, against just under 11 percent for the unionists.

Italy: Arrivederci Rome: Venice Votes On Independence Referendum | NBC

While the referendum over Crimea’s secession from Ukraine continues to make headlines worldwide, a much lower-profile poll for independence is gaining momentum in Italy: the vote for the breakaway of Venice. Residents of the northern Italian region of Veneto – Venice being its main city – are voting this week on whether to secede from Italy and create their own independent and sovereign republic. The Veneto is the former heartland of the powerful maritime Republic of Venice, the economic and trading power that lasted from the 7th to the 18th century. Today it’s Italy’s richest region, thanks to the wealth created by yearlong tourism and a strong industrial base. But ever since Veneto became part of Italy in 1866, resentment towards Rome has been growing steadily. Many in the region feel their wealth is unfairly squandered by the inefficient central government and that it is used to bankroll the poorer south. The referendum’s organizers say it’s time to cut the cord.

Italy: Venice prepares for referendum on secession from Italy | Telegraph

Voting will begin on Sunday in a referendum on whether Venice and its surrounding region should secede from the rest of Italy, in a bid to restore its 1,000-year history as a sovereign republic. “La Serenissima” – or the Most Serene Republic of Venice – was an independent trading power for a millennium before the last doge, or leader, was deposed by Napoleon in 1797. The republic encompassed not just Venice but what is now the surrounding region of Veneto and it is there that the vote will take place from Sunday until Friday.

Italy: Parliament inches towards approving electoral reform | Reuters

Italian lawmakers edged closer on Tuesday to approving a new electoral law seen as a test of new Prime Minister Matteo Renzi’s ability to enact broad structural reforms needed to end government instability in Italy. Overhauling the complicated voting system blamed for leaving Italy with a deadlocked parliament has been a top priority for Renzi since he became leader of the main centre-left Democratic Party (PD) last year. The new law, designed after an agreement between Renzi and centre-right leader Silvio Berlusconi, is intended to produce a clear winner able to govern without the kind of unwieldy cross-party coalition left by last year’s inconclusive election.

Italy: Grillo cries foul over electoral reform plans | GlobalPost

Beppe Grillo, the former comic who leads Italy’s anti-establishment 5-Star Movement, on Thursday hit out against plans to reform the country’s voting rules, describing them as tailor-made to block his party’s rise. “The only point of this electoral reform proposal is to block us because we are the danger to the system,” Grillo, whose party won a quarter of the vote at last year’s national election, told a gathering of the foreign press in Rome. The center-left’s dynamic new leader Matteo Renzi this week drew up a plan to change the voting rules blamed for Italy’s chronic political instability after reaching a widely contested deal with center-right leader and former prime minister Silvio Berlusconi. The 5-Star Movement, which espouses an eclectic mix of green and anti-establishment policies and wants a referendum on Italy’s euro membership, has stayed in opposition since the February 2013 vote and refuses to collaborate with the left-right coalition government.

Italy: Renzi outlines electoral reform plan, defies critics | The Star Online

Italian centre-left leader Matteo Renzi promised on Monday to reform an electoral system blamed for creating chronic political deadlock, defying party critics who had attacked him for sealing a deal on the proposals with arch-enemy Silvio Berlusconi. The 39-year-old mayor of Florence, who won the leadership of the Democratic Party (PD) in December, said he would eliminate the fragmentation that has made it impossible for successive Italian governments to survive a full term in office. “We are saying no to giving small parties the power of holding us hostage,” he told a meeting of the PD party leadership, which approved the proposals by 111 votes in favour with 34 abstentions but no votes against, despite criticism from some on the left of the PD. “I don’t rule out alliances but only if they’re made for governing, not just winning an election,” he said, adding that settling the thorny issue of voting rules would clear the way for vital economic reforms.

Italy: Top court rules electoral law breaches constitution | Rueters

Italy’s electoral law is unconstitutional, its top court ruled on Wednesday, piling pressure on political parties to reform a system blamed for creating parliamentary deadlock. Most politicians agree, at least in public, that the electoral rules which helped produce a hung parliament after February’s national vote must change to give Italy a chance of forming a stable government. But despite repeated exhortations from business leaders, union chiefs and President Giorgio Napolitano, progress on voting reform has long been blocked by parties worried that a new system could damage their electoral chances. “Now there is no more room for excuses from anyone, we have to move, quickly, to change the law,” said Interior Minister Angelino Alfano, whose breakaway group from Silvio Berlusconi’s centre-right is a key part of the fragile ruling coalition. The ruling is not retro-active and therefore does not affect the status or validity of the current parliament, a source close to the constitutional court told Reuters.

Italy: Letta prepares to tackle Italy’s voting law stalemate | Reuters

With Silvio Berlusconi now out of parliament, Italian Prime Minister Enrico Letta is under pressure to overhaul a voting law blamed for dragging Italy into political and economic stalemate after the last election. Letta was appointed to lead an unwieldy government of left and right forces after a vote in February this year yielded no clear winner. When he named the 47-year-old centre-left politician, President Giorgio Napolitano gave him the task of overhauling a dysfunctional political and justice system that has stifled Italy’s economic growth for years. Letta’s administration was supposed to repair the system to prevent chronic political instability. The ripple effects of Berlusconi’s legal battles – in particular the lead-up and aftermath of the former premier’s conviction for fraud in August – largely sidetracked the government during its first seven months, however. That disruption has ostensibly subsided after Berlusconi’s ejection from the Senate.

Italy: President hopes to solve political crisis without new vote | Reuters

Silvio Berlusconi on Monday faced dissent within his People of Freedom Party, complicating his plans to bring down Prime Minister Enrico Letta’s coalition government. But even if Letta survives a confidence vote on Wednesday the prospects for stability and reform in Italy look more fragile than ever as he will face a larger and stronger opposition backed by Berlusconi’s media empire. Letta’s hopes of survival appear to rest on some 20 senators from Berlusconi’s party, who are unhappy with his shock decision on Saturday to withdraw his ministers from Letta’s government. Italian shares and bonds recovered some of their losses on financial markets after a party source told Reuters the group of PDL moderates may be ready to back the government and break away from the PDL if Berlusconi does not soften his stance. However, whether the dissidents are actually prepared to back Letta remains to be seen. They did not speak out at a PDL meeting on Monday where Berlusconi called for unity, repeated that the party must push for early elections and did not open any internal debate, according to lawmakers present.

Italy: Berlusconi conviction spells trouble for Italy’s fragile government | The Globe and Mail

While many Italians were delighted that Silvio Berlusconi was sentenced Monday to seven years in prison for paying for sex with an underage woman, many more did not really care. They have seen this film dozens of times before. Mr. Berlusconi, who was Italian prime minister three times before he was effectively ousted in 2011 at the height of the debt crisis, has always been one step ahead of the law. He has been endlessly prosecuted and, only last month, an appeals court upheld his four-year prison sentence for a tax-fraud scheme. In all of these cases, he pleads innocence, blames his woes on left-wing conspiracies and overzealous prosecutors, and unleashes his armies of lawyers to set the appeals machine in motion. So far, it has worked. Mr. Berlusconi has never seen the inside of a prison cell and probably never will. Appeals can take years and, in Italy, old men tend not to spend their last years behind bars. He is 76 and looks his age. Still, Monday’s verdict could have serious political repercussions at a time when Italy, which is in deep recession amid soaring unemployment, is desperate for a stable government that can keep economic reforms alive. He remains the head of the People of Freedom party (PdL), which supports the coalition government of Enrico Letta, who became prime minister in April after February’s inconclusive election. If Mr. Berlusconi withdraws his support for the government, it would come crashing down.

Italy: Rome Mayor Election Tests Berlusconi Effect On Voters | Huffington Post

Italian voters were choosing mayors in Rome and other municipalities Sunday in balloting, whose results will be interpreted as a test of ex-Premier Silvio Berlusconi’s political influence with possible repercussions on the national government. Media mogul Berlusconi campaigned for his center-right party’s candidate in Rome, incumbent Gianni Alemanno, who is trying for a second term in a runoff against former transplant surgeon Ignazio Marino, who is backed by the center-left. Alemanno trailed in the first round two weeks ago in Italy’s capital. In his first run for the office, in 2008, Alemanno also trailed in the first round, but mounted a strong comeback to win in the runoff. Marino’s and Alemanno’s parties are the main partners in a coalition of bitter rivals in Premier Enrico Letta’s 5-week-old government, and are struggling to spur economic growth in the recession-mired country.

Italy: E-voting pilot kicks off in Salento | ZDNet

You’d expect to hear about Salento in a travel blog, inviting you to explore the villages and secluded white sand beaches of this Italian gem. But there’s more to the region than scenery: it’s the home of one of Italy’s first major experiments with e-voting. First, the trivia. Martignano is the one of the region’s smallest towns, situated in an area known as the Grecia Salentina, a language enclave of ten municipalities where griko is spoken, a language originating from ancient greek (Salento was once part of the Magna Grecia). Small yet culturally lively, Martignano still has one of the best broadband infrastructures in Italy. Melpignano is another town in the Grecia Salentina, and also uses griko. Onto the politics: smaller towns and municipalities in Italy have recently been asked to cast their votes as part of an “advisory referendum” on the question of whether to join up with other towns with up to 5,000 citizens. It’s a part of an ongoing countrywide bid to try to reduce public spending by cutting the number of small municipalities and provinces and the amount of administration that goes with them.

Italy: Italy’s new prime minister | The Economist

It is the most famous quote in modern Italian literature, because it captures so well the cynicism and conservatism of modern Italian politics. “If we want everything to remain as it is,” says Tancredi in Giuseppe di Lampedusa’s “The Leopard”, “everything needs to change.” For once, Italy’s politicians have turned the saying on its head. On April 20th they arranged for things to stay as they were in order to get them to change. After failing to find agreement to elect a new president, the heads of Italy’s two leading mainstream parties, Pier Luigi Bersani of the Democratic Party (PD) and Silvio Berlusconi of the People of Freedom (PdL) movement, went to the 87-year-old incumbent, Giorgio Napolitano, and begged him to stay on. Unsurprisingly, given his age, Mr Napolitano had discounted a second term. So he was able to make demands: he would agree only if the PD and PdL broke the deadlock that was stopping the formation of a new government.

Italy: President May Step Down Amid Deadlock | NYTimes.com

Italy was stalled in political deadlock on Saturday after a new round of talks failed to move forward toward forming a government, officials said, and news reports said President Giorgio Napolitano was weighing whether to resign to give a new team a chance at breaking the impasse. Such a move would allow Parliament to elect a new president, who would then also have the option of dissolving the body and calling new elections. The president’s office called journalists to the presidential palace around midday on Saturday, when his decision is expected. Mr. Napolitano has been under some pressure from all sides to act quickly as Italy struggles through one of its most difficult economic crises since World War II. “Enough With Games!” ran a banner headline Friday in Il Sole 24 Ore, the country’s main economic newspaper.

Italy: Napolitano Girds for Battle to Resolve Italy Election Impasse | Bloomberg

President Giorgio Napolitano, a former communist resistance fighter who negotiated Silvio Berlusconi’s resignation, is preparing his final political battle as he seeks to steer Italy out of its latest government crisis before his term expires in May. Napolitano, 87, is charged with resolving the political logjam caused by elections last month that produced a hung parliament. To avoid a new vote, he can try to forge a national- unity government, accept an administration without a majority or appoint a non-politician to head a so-called technical government, similar to that of Prime Minister Mario Monti. Markets are pricing in two scenarios, “another technical government or the possibility, which is less and less likely, of a bipartisan government,” Mario Spreafico, who manages 1.5 billion euros ($1.95 billion) as chief investment officer at Schroders Private Banking for Italy, said in a phone interview. “Both would be temporary solutions” before new elections.” The Feb. 24-25 ballot, which left front-runner Democratic Party leader Pier Luigi Bersani short of a majority in the Senate, has forced him to court the support of former comedian Beppe Grillo and his anti-establishment Five Star Movement, which won a quarter of the vote. Grillo responded by describing Bersani as a “dead man walking,” stressing his party would not give backing to any government. Italy’s 10-year bond yield has risen 21 basis points since the vote to 4.66 percent.

Italy: Bersani seeks way out of vote impasse | Reuters

Italian center-left leader Pier Luigi Bersani rallied his party on Wednesday behind a plan to form a minority government backed by populist Beppe Grillo after failing to secure victory in last week’s election. Bersani, whose coalition threw away a 10-point lead in the opinion polls before the February 24-25 vote, won control of the lower house but let slip a workable parliamentary majority by failing to win the Senate. The result has left no group able to form a government on its own and Italy facing weeks of uncertainty. A new election could be called within months if no accord can be reached between the divided parties. Underlining pressure on politicians to agree on a government to tackle the problems of one of the world’s biggest sovereign debtors, credit rating agency DBRS cut Italy’s debt grade to A (low) from A on Wednesday, citing political uncertainty and a prolonged recession.

Italy: Bersani Set On Forming Government, Asks Grillo to Be Clear | WSJ.com

Pier Luigi Bersani, the notional winner of Italy’s general elections last month, told his party’s senior leaders that he would try to form a government even though his center-left coalition didn’t have a Senate majority. Any alliance with Silvio Berlusconi, longtime leader of the center-right, was “not practicable,” while some form of dialogue with the anti-establishment Five-Star Movement might be, Mr. Bersani said as he opened a day-long meeting of his Democratic Party’s top officials Wednesday. Mr. Bersani, whose center-left coalition narrowly won the most votes in an election that unexpectedly showed a near tie between three rival groups, is under pressure to outline how he will try to form a coalition able to pass a confidence vote in both parliamentary chambers. Political instability in Italy has raised concerns that the euro area’s policy approach to its sovereign debt crisis is failing. Italy’s election was a “thermometer” of long-simmering tensions, Mr. Bersani said, noting that euro-skepticism is growing even in Germany.

Italy: Octogenarian president holds Italy’s fate | Reuters

As Italy faces a deep political crisis, the fate of the country is in the hands of an octogenarian former communist only weeks from retirement. Under Italy’s constitution, President Giorgio Napolitano, 87, is charged with trying to find the way out of an intractable impasse caused by a huge protest vote in the Feb 24-25 election, which saw no group emerge with enough support to govern. The task is exceedingly difficult, but if anybody can succeed it is probably Napolitano, who enjoys both huge respect and popularity, and has shown skill in navigating previous major storms in Italy. In fact after an election in which Italians vented their rage against the politicians, he may be the only traditional political figure left who commands much respect at all. Napolitano has stepped into the breach in a moment of emergency before, in November 2011, when Italy faced a perilous debt crisis. He engineered the replacement of scandal-plagued premier Silvio Berlusconi with technocrat Mario Monti.

Italy: Bersani ultimatum may bring new Italy election closer | Reuters

Italy could be inching closer towards another election within months after center-left leader Pier Luigi Bersani issued an ultimatum to anti-establishment comic Beppe Grillo to support a new government or return to the polls. Last week’s election, in which Grillo’s 5-Star Movement won a huge protest vote, left no group with a working majority in parliament, making an alliance with a rival the only way out. On RAI state television late on Sunday, Bersani underlined his opposition to two of the options floated – another technocrat government like the outgoing one led by Mario Monti or a coalition with Silvio Berlusconi’s center-right. That would leave only one possibility to avoid elections – Grillo’s backing for the center-left, which won the lower house in the election but does not have enough support in the Senate. “Now (Grillo) must say what he wants, otherwise we all go home, including him,” Bersani said.

Italy: Italy May Need New Election With No Deal on Bersani | Bloomberg

Italy may hold new elections within months should Democratic Party leader Pier Luigi Bersani fail to win support in parliament to form a government after inconclusive elections. There are no alternatives to a vote “in a few months” if Bersani doesn’t get a majority in parliament, Stefano Fassina, economic-policy spokesman for Bersani, said today on Sky TG24 TV. “We should name a new president, change the electoral law and then return to polls as soon as possible.” Italian bond yields surged after elections on Feb. 24-25 ended in a four-way parliamentary split, raising doubt over the stability of the next government. Bersani, whose party won the most votes, failed to gain control of parliament as former Prime Minister Silvio Berlusconi and comedian-turned-politician Beppe Grillo won blocking minorities in the Senate.

Italy: President Napolitano rejects new polls | BBC

The prospect of an early repeat vote in Italy to break the February election gridlock has receded after the outgoing head of state rejected the idea. Giorgio Napolitano, who as president holds the power to dissolve parliament, said he doubted his successor in the post would favour the idea either. Mr Napolitano must stand down as president in mid-May. The three main political forces are sharply divided after none managed to win an outright majority. Uncertainty over the future management of the eurozone’s third-biggest economy has caused concern among Italy’s partners and investor confidence has been shaken. A protest movement led by a former comedian, Beppe Grillo, surged virtually from nowhere to take a quarter of the vote, handicapping the traditional alliances on the right and left. The centre-left bloc led by Pier Luigi Bersani won a majority in the lower house but not in the equally important upper chamber. It is expected to attempt to form a government after the new parliament meets, some time within the next fortnight.

Italy: Bersani dismisses Italy Senate coalition with Berlusconi | Deutsche Welle

Seeking a solution to stalemate in the Senate, Italy’s upper house of parliament, election-winner Pier Luigi Bersani has said his center-left alliance will not ally with former Prime Minister Silvio Berlusconi’s bloc. Pier Luigi Bersani said in a newspaper interview published on Friday that his center-left bloc was not prepared to ally with the rival group led by Silvio Berlusconi, even with Berlusconi holding the upper hand in the Senate. “I want to spell it out clearly: the idea of a grand coalition does not exist and will never exist,” Bersani told La Repubblica. As the most popular party in the vote for the Chamber of Deputies, the lower house, Bersani’s bloc is guaranteed 54 percent of the seats under Italian electoral law. The Senate, however, has roughly equal legislative powers, meaning that this lower house majority might not suffice for Bersani to push policies through as premier. “Call it what you want,” Bersani said when asked whether he would seek a minority government in the Senate instead. “Minority government, government of purpose, that doesn’t interest me. For me it is a government of change.”

Italy: Beppe Grillo snubs deal with Bersani | BBC

Italian comedian-turned-politician Beppe Grillo, whose Five-Star Movement (M5S) defied expectations to come third in last weekend’s elections, has ruled out a coalition with the centre-left. Pier Luigi Bersani’s Democratic Party (PD) won a majority in the Chamber of Deputies but fell short in the Senate. Mr Grillo told the BBC he expected Mr Bersani to agree a deal with Silvio Berlusconi’s People of Freedom (PdL). The inconclusive polls have pushed up borrowing costs for the government. On Wednesday, the Italian treasury sold 4bn euros (£3.45bn) of new 10-year government bonds on the financial markets at a yield of 4.83%, up from 4.17% at its last sale in January, and 2.5bn euros of new five-year bonds at a yield of 3.59%, up from 2.94%.

Italy: Inconclusive Vote in Italy Points to Fragmenting of Political System | NYTimes.com

In recent years, recession and financial turmoil have felled governments throughout Europe as voters looked for change in an era of economic distress. Now, experts are asking whether politicians are capable of promoting plans that offer a way out of the malaise — or whether they could be elected if they did. After its voters this week denied any party enough backing to form a credible government, Italy joined Greece in preventing establishment parties from achieving the mandate required to push through painful reforms, inviting new financial instability. That dynamic is quite familiar to Americans, who have watched President Obama and the Republican-controlled House of Representatives lock horns over the debt ceiling, the so-called fiscal cliff and now sequestration in what many experts consider the biggest threat to the economy. “The governing parties tilt ever more toward populism instead of making decisions that are important but unpopular,” said Eckhard Jesse, professor of political systems and institutions at the Chemnitz University of Technology in Germany. “The room to maneuver has gotten tighter, but the expectations have risen.”

Italy: Ingovernabilita! Inside Italy’s Election Limbo | The Daily Beast

One doesn’t need to be fluent in Italian to understand the post-election headlines across Italy: ingovernabilita, nervosismo, miracolo Berlusconi. Italians woke up on Tuesday morning to see their worst fears realized: the country’s first-ever hung parliament. Essentially, no one has enough support to lead the country out of its dire troubles. After a bitter campaign, Pier Luigi Bersani’s center-left coalition narrowly won in the lower house of parliament and will benefit by an automatic winner’s bonus of 54 percent of the house seats, but he barely eked out a win in the Italian senate, where it counts. There, the divisions are based on regions, and his win does not translate to a majority. His chief nemesis, Silvio Berlusconi, who rose from the ashes of a scandalous resignation in November 2011, was able to steer his center-right coalition to within a hair of the majority, but with no willing partners to help him reach the threshold. The big winner of these elections was Beppe Grillo, a comedian who captured the essence of Italy’s disgruntled set and has effectively become the kingmaker in both houses. His platform, which includes holding a referendum on Italy’s continuation in the euro and rethinking its involvement in military operations abroad, including logistical support in Mali, is seen as welcome change by many disgruntled Italian voters, especially the young and newly unemployed. Grillo refused to do any campaigning on Italian television and focused instead on new media, utilizing his popular blog, Facebook, and Twitter to rabble rouse.

Italy: Bersani says nation in dramatic situation | BBC

Centre-left leader Pier Luigi Bersani says Italy is in a “dramatic situation” after election results that leave the country in political stalemate. Stock markets and the euro have fallen amid concerns the deadlock could re-ignite the eurozone debt crisis. But Mr Bersani, whose coalition won most seats in parliament, did not identify a preferred partner in government. He said all political parties should take responsibility for the country. Centre-right leader Silvio Berlusconi said earlier fresh elections should be avoided, and called for a period of reflection, which correspondents suggest could mean he is considering a very awkward alliance with his opponents on the centre-left. Other European countries have urged Italian politicians to create a stable government as soon as possible – with France and Germany urging continued reform, and Spain describing the result as a “jump to nowhere”.

Italy: Beppe Grillo’s Five Star revolution | openDemocracy

According to the latest polls from two weeks ago (there is now a poll ‘blackout’ until after the election), ‘M5S’ would secure over fifteen per cent of the national vote, putting it into third place, behind Bersani’s centre-left and Berlusconi’s centre right coalitions, but ahead of former PM Monti’s group. Some internal polling suggests M5S might do even better. Grillo’s movement translates to the ‘Five Star Movement’ in English. The five ‘stars’ represent its main themes: public water, transportation, development, internet connection and availability, and the environment.  Running on a simple manifesto based on these themes, he has enjoyed a rise in popularity perhaps unrivalled in post-War Western Europe: one year ago, he was polling at around five per cent. This is despite the party doing the precise reverse of what a political campaign strategist would advise: none of its members had been interviewed in the Italian media until last weekend, and its most famous member, Grillo himself, refuses to stand. What accounts for his meteoric rise? Last week, we released a new report based on a survey of almost 2,000 Facebook fans of Grillo and the M5S. The answer is a fascinating and powerful mix of anti-establishment rhetoric, new technology and old fashioned rallies and local action. If Grillo does as well as polls suggest, perhaps even so well to become kingmaker, then the whole of Europe should take note. I suspect there are plenty of other European countries where another Grillo might explode onto the scene and cause a similar political tremor: including the UK.

Italy: Italy faces stalemate after election shock | Reuters

Italy faced political deadlock on Tuesday after a stunning election that saw the anti-establishment 5-Star Movement of comic Beppe Grillo become the strongest party in the country but left no group with a clear majority in parliament. “The winner is: Ingovernability” was the headline in Rome newspaper Il Messaggero, reflecting the stalemate the country would have to confront in the next few weeks as sworn enemies would be forced to work together to form a government. The center-left coalition led by Pier Luigi Bersani won the lower house by around 125,000 votes, where it will have a majority because of a premium given to the largest party or coalition. Results in the upper house Senate indicated the center-left would end up with about 119 seats, compared with 117 for the center-right. Seats are awarded on a region-by-region basis in the Senate, where a majority of 158 is needed to govern. Any coalition must have a working majority in both houses in order to pass legislation.

Italy: Berlusconi Calls for Recount After Refusing to Concede Defeat | Bloomberg

Former Prime Minister Silvio Berlusconi’s People of Liberty party refused to concede defeat in Italy’s election and called for a recount of the vote. Berlusconi and his allies trailed the Democratic Party-led coalition of Pier Luigi Bersani by less than half a percentage point, a margin of fewer than 150,000 votes, with more more than 1 million votes still to be counted at 12:45 a.m. The returns “are calculated from empirical methods that are inevitably subject to a margin of error,” PDL Secretary General Angelino Alfano said at a press conference in Rome. “Even if the margin is contained, it will certainly be more than the difference in votes, which is minimal, between the two coalitions in the Chamber.”

Italy: Europe waits for Italy elections | BBC

There was a time when Italian elections were frequent and forgettable. Prime ministers were discarded like last season’s clothes. All of that has changed. What happens in Italy affects the rest of Europe. Campaigning ends on Friday. The result could rattle the eurozone and remind the markets of how little has been settled in the continent’s real economies. The favourite to win is an ex-Communist from the centre left, Pier Luigi Bersani. He is decidedly Mr Normal. There is nothing extravagant or flamboyant about him. There are no sharp suits. He likes the occasional cigar but he is almost an anti-candidate conducting a low-key conversation with Italy.