Guardian: Reports the following on projections from the Italian Election, " Earliest projections show Silvio Berlusconi's centre-right coalition just ahead in Senate, contradicting exit polls ".
Lets Get Real:
Thus Mr Berlusconi has bounced back, the man has more political lives than a Time Lord, so Italian political system will be like the US, while in Italy it looks like the Berlusconi Party will have a narrow lead in the Senate, in the US the Republicans hold the House, thus the present budget crisis. It was reported that if the results come out as expected, that the left take the lower House of Parliament and form they Government they will find it difficult to get their agenda passed the Senate. Thus Italy will be back in the spotlight, expect the Italian markets to take a hit, and expect the new Italian Government to ask for a further bailout and less of austerity. Thus the joke that is Italian politics carries on, what would Augustus say, look down in sadness would be the guess folks.
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