Tags: Italy | election | austerity | Bersani

LIGNET: Events in Italy Could Ignite a New European Crisis

By Newsmax Wires   |   Friday, 08 Mar 2013 01:26 PM

Pier Bersani, the head of Italy’s center-left Democrats, stunned Europe this week by joining two other party leaders in calling for the deeply unpopular economic austerity measures of the outgoing government to be abandoned. But even with this change, Bersani is unlikely to break a political deadlock to form a new government. This is raising European fears that a strongly anti-austerity Italian party may win a majority in a new round of elections in a few weeks -- a result that could upend efforts to prevent a new European debt crisis.

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