The Italian election has resulted in a stalemate which questions the country's reform agenda. We take a look and talk to Bremer Landesbank's Folker Hellmeyer about the outlook.
Lawmakers are set to begin voting Thursday for Italy's new president. The prime minister reached across a political divide to Silvio Berlusconi for help in getting a candidate approved. Megan Williams reports from Rome.
Just as austerity advocates say reforms are bearing fruit, fears are growing in northern Europe that parties imitating Greece's Syriza may threaten the consolidation consensus. Is the EU about to reject austerity?
For weeks, Italy's political parties have been unable to form a governing coalition. Only a new president can call early elections - and that's what Italy is missing.
The Italian parliament has failed to elect a new president after a second vote. No single candidate won a two-thirds majority of the votes; another round is due to take place on Friday.