Italy election ends in deadlock
February 26 , 2013
Italy's elections have ended in a deadlock, in which no group won enough votes to form a government.
Pier Luigi Bersani's center-left bloc is set for a narrow win in the lower house with 29.57 percent of the vote though Silvio Berlusconi's center-right may take control of the Senate with 29.15 percent.
The Five Star Movement (M5S), a protest movement led by comedian Beppe Grillo, scored remarkable success at the polls with a quarter of the vote beating the centrist list led by Mario Monti with 10.57 percent.
The election, which marks a return to full-blown democracy for the country after the technocratic government of Monti, comes amid a deep recession and austerity measures.
Milan's stock market was up nearly 4 percent when exit polls on Monday evening suggested a victory for Bersani victory. However, it lost nearly all of its gains when projections began to show Berlusconi securing a sizeable vote.
An uncertain outcome could result in a Greek-style paralysis in the eurozone's third largest economy, according to political commentators.
Control of both the lower and upper houses of parliament is required in order to govern.
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