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Italy's Parliament on yesterday re-elected Giorgio Napolitano as the nation's president to an unprecedented second term after party leaders persuaded the aging head of state to serve again in hopes of easing the hostile political climate that has thwarted formation of a new government for the economically stagnant eurozone member.

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Last Tuesday, Italy’s market dropped 4.9 percent and 10-year bond yields rose by 47 basis points in one day.

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BERSANI

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abtest

Napolitano re-elected Italy's president

April 21, 2013 - 5:06am

Italy's Parliament on yesterday re-elected Giorgio Napolitano as the nation's president to an unprecedented second term after party leaders persuaded the aging head of state to serve again in hopes of easing the...

World

Italy's 10 'sages' try to help form government

April 2, 2013 - 6:22am

Ten "wise men" will try to do what Italy's bickering politicians haven't been able to accomplish since inconclusive elections in late February — figure out a formula to help form a new government fast for the...

The actor comedian, the communist parliamentarian, the convicted playboy and the professor technocrat

By Valentino Sy | March 4, 2013 - 12:00am

Last Tuesday, Italy’s market dropped 4.9 percent and 10-year bond yields rose by 47 basis points in one day.

Business

Italy faces political gridlock after crucial elections

February 26, 2013 - 9:18am

Italy faced political paralysis Monday as near-complete results in crucial national elections showed no clear winner and raised...

World

Italians vote in polls seen key to finance crisis

February 25, 2013 - 5:09am

Will Italy stay the course with painful economic reform? Or fall back into the old habit of profligacy and inertia? These are the stakes as Italians vote in a watershed parliamentary election yesterday and Monday...