Sunday, February 24, 2013

Italy goes for voting for a new government

Italy goes for  voting for a new federal government beginning Sunday,  and the country’s European partners anxious the results for weeks.
Nearly 47 million Italians are eligible to vote, public is angry at austerity measures and do not want to skid like Greece.Voting is taking place over two days, with polling stations closing 3 p.m. (1400 GMT) Monday.
The election is likely to produce another format of  coalition government led by Bersani, Monti’s centrist party, the probable results  favoured by global markets and the euro zone.
 Berlusconi, former prime minister, of  a centre-right coalition in the election and polls indicate he will come second to the centre-left.Italy facing worst recession in two decades, unemployment is above 11% and rising, while the public debt mountain as a proportion of GDP is second only to Greece in the eurozone.

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