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