Arab Times

Left faces partial win in Italy poll

Berlusconi seen taking Senate

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ROME, Feb 25, (RTRS): Conflictin­g early forecasts of the result of Italy’s election on Monday raised the spectre of deadlock in parliament that could paralyse a new government and re-ignite the euro zone crisis.

Officials from both centre and left warned that such gridlock could make Italy ungovernab­le and force new elections.

Opinion polls have long pointed to the centre-left of Pier Luigi Bersani winning the lower house, but projection­s from RAI state television showed Silvio Berlusconi’s centre right in front in the Senate — which has equal lawmaking power — but unable to form a majority.

RAI showed the centre-left well short of a majority in the Senate even in coalition with Monti, who was seen slumping to only 19 out of 315 elected Senators against a massive 65 for the anti-establishm­ent 5-Star Movement of comedian Beppe Grillo.

Senate votes are counted before the lower house.

The latest projection­s ran counter to earlier telephone polls that showed the centre left taking a strong lead in the Senate as well as the lower house.

Italian financial markets took fright after rising earlier on hopes for a stable and strong centre-left led government, probably backed by outgoing technocrat premier Mario Monti.

Such government is seen by investors as the best guarantee of measures to combat a deep recession and stagnant growth in the euro zone’s third largest economy, which is pivotal to stability in the currency union.

Berlusconi’s declared aim is to win enough power in the Senate to paralyse a centre-left administra­tion.

The benchmark spread between Italian 10year bonds and their German equivalent widened from below 260 basis points to above 280 and the Italian share index lost all its previous gains.

“These projection­s suggest that we are heading for an ungovernab­le situation”, said Mario Secchi, a candidate for Monti’s centrist movement.

Stefano Fassina, chief economic official for Bersani’s centre-left, said: “The scenario from the projection­s we have seen so far suggest there will be no stable government and we would need to return to the polls.”

The earlier telephone polls on Sky and Rai television after voting ended at 3 p.m. (1400 GMT/9 a.m. ET) had shown the centre left 5-6 points ahead of the centre right in both Senate and lower house, with Grillo taking third place.

Adding to the confusion, official results from more than 50 percent of polling stations showed the centre-left ahead with 32.7 percent against 29.5 for the centre-right in the Senate race. The partial official count is often not representa­tive because of the order in which votes are counted regionally.

Italy’s electoral laws guarantee a strong majority in the lower house to the party or coalition that wins the biggest share of the national vote.

However the Senate, elected on a region-by-region basis, is more complicate­d and the result will turn on four key battlegrou­nd regions. Projection­s from LA 7 showed Berlusconi winning in three of them: Lombardy, Sicily and Campania.

A Sky television projection showed him strongly ahead in the rich northern region Lombardy, which returns the largest number of Senators, with 38.8 percent against 27.6 for the centre left.

A bitter campaign, fought largely over economic issues, has made some investors fear a return of the kind of debt crisis that took the euro zone close to disaster and brought the technocrat Monti to office, replacing the scandal-plagued Berlusconi, in 2011.

Monti helped save Italy from a debt crisis when Rome’s borrowing costs were spiralling out of control, but the polls and projection­s suggested few Italians now see him as the saviour of the country, in its longest recession for 20 years.

A surge in protest votes for Grillo’s 5Star Movement had raised uncertaint­y about the chances of a stable government that could fend off the danger of a renewed euro zone crisis.

Grillo’s movement rode a huge wave of voter anger about both the pain of Monti’s austerity programme and a string of political and corporate scandals. It had particular appeal for a frustrated younger generation shut out of full-time jobs.

“I’m sick of the scandals and the stealing,” said Paolo Gentile, a 49-year-old Rome lawyer who voted for 5-Star.

“We need some young, new people in parliament, not the old parties that are

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