With Italy's Election, the EU Chasm Grows

03-07-2013 • The Daily Bell

Mr Bersani's Democrats (Pd) and its allies control the lower house but failed to win the senate. He is hoping for tacit support on a law-by-law basis from the Five Star Movement of comedian Beppe Grillo. Critics says Mr Monti, whose Civic Choice list won just 10pc of the vote, went native in Brussels long ago and has been slow to understand the deeper political crisis unfolding in Italy.The outgoing premier gave them fresh ammunition today, saying that it would be better to hold fresh elections than to see an anti-EU government to take power. – UK Telegraph

Dominant Social Theme: The Italian elections are a disaster for peace and security in Europe.

Free-Market Analysis: Italians went to the polls and rejected the EU's faux austerity program but former premier Mario Monti doesn't accept the new course and has proposed new elections instead.