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Eurozone Problems Intensify as Italy Rejects 'Austerity Cage'

2013-03-06T210851Z_4_CBRE92513IS00_RTROPTP_2_ITALY-VOTEThe recent Italian elections saw the majority lower house vote go to Pier Luigi Bersani, leader of the centre-left bloc.
The lack of the requisite majority in the upper house has left the election outcome uncertain. However it is clear that Bersani’s promise to end the crush of austerity in Italy in order to get the Italian economy back on track has resonated with the Italian voter.[1]  Should Bersani emerge as Prime Minister, Italy will be set for a collision course with Germany and the European Central Bank. 

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