Mon, Apr 01, 2013 - Page 6 News List

Italian president buying time in political deadlock

BRIDGE TO NOWHERE?Napolitano ruled out resigning to prepare for fresh elections, and said the government would remain in place until the impasse is resolved


The government is forecasting the economy will shrink by 1.3 percent this year, and some analysts predict the end result could be even worse.

Despite winning praise abroad, Monti came a distant fourth in the polls at the head of a centrist coalition as the social cost of his measures has become increasingly evident.

Analysts have said there could be support for a government made up of non-political figures similar to Monti’s, but this solution would be a stopgap.

Most analysts say Italy will be forced to hold new elections within months at the earliest or a year at the latest, since stability is unlikely with the current three-way split between parties.

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