Ignore the `crazy` markets, says Italy’s Berlusconi

Last Updated: Tuesday, February 26, 2013 - 16:56

Rome: Italy`s post-election political paralysis is spooking financial markets. But former Premier Silvio Berlusconi, whose strong showing defied pro-Europe pundits who thought he was politically finished, insists a government can be formed.

The conservative leader said today that Italians should ignore the "crazy" markets. His centre-left rivals won Parliament`s lower house after votes were counted yesterday. But they failed to win an absolute majority in the upper house.

Pro-Europe leaders, who were hoping Italy would stay the course of tough economic reforms, are rattled by the prospects of legislative gridlock. Berlusconi says having another election soon won`t solve problems, and called on fellow leaders to "make some sacrifices," an apparent call for a coalition government.

PTI



First Published: Tuesday, February 26, 2013 - 16:56

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