Italian appear from election day (Tuesday) no clear winner, promote market all over the world because of the significant decline, investors worried about one of Europe's biggest economy, will not be able to establish the ruling coalition, can stay on the floor unpopular austerity measures.
One day after the vote, according to Italian voting abroad several seats in parliament is still to be determined, but their Numbers will not ease traffic jams. European leaders admit in the Italian politicians, rapidly forming the government continued to issued reform, in order to reduce Italian critical high debt to Europe in the four years of financial crisis another peak.
Italian parties fail to form a ruling coalition, will hold new elections, resulting in more uncertainty and leadership vacuum.
"What is a decisive Italy - but, because Italy is an important country in Europe, but also for the whole Europe - is a stable government is the ability to take action as soon as possible, can form", the German foreign minister auspicious many west Weller told reporters in Berlin.
The outcome of the election is a tough tightening method technology bureaucratic government as the leading factor, by Mario briant refused. Appear pier luigi biel SaNi centre-left led in the house of Commons won a narrow victory, and the senate fashion show, division and any party control.
Italy when rich MIB index rose 4.7%, to close at 15586, nearly 5% earlier Tuesday at a point. Some Banks shares are briefly suspended in minutes later fell sharply.
The country's benchmark ten-year Treasury bonds - investors emotional important indicators - interest rate from 0.25% to 4.74%. Investors seek protection, more stable, more prosperous economy of bonds, and in the German ten-year Treasury bonds interest rates fell 0.10% to 1.47%.
The negative reaction on Tuesday market further spread to a week, depending on how fast in Italy to reach a solution.
Italy's former prime minister silvio berlusconi, the center-right coalition and no better than expected, insisted that can form a government, and called on the Italian ignore "crazy market." Silvio berlusconi is a key player, his alliance's second largest group, in the chamber.
"The market go his own way, and they are independent, also a little crazy," he said, the government can be pieced together, if opposition politicians willing to make some sacrifice. "
There are some signs that he may be correct: Italy's public debt sales total ?$875 million (11.75 billion yuan) rate is higher, although sold out Tuesday morning.
However, in the whole European stock prices sharply, although they played the first hour of trading on the low. German DAX index fell 1.8%, to 7636, and in French CAC - index fell 2.2% to 3639. Cause the strands of rich 100 index fell 1.3%, in 6271
Italy the euro's future is very important, its apparent stability in the past six months has money to ease concerns one of the reasons. Use euro 17 European Union countries, Italy has the second high debt burden, its gross domestic product (GDP) in the proportion of 127%. Only Greek is higher. The cost of Italy about ?8 billion dollars, every year just to repay the debt.
Briant government has formulated a wide range of budget and economic reform. Although in the financial markets, the borrowing rate has fallen to Italy's cost has been high, and the country into eighteen months economic recession and rising unemployment.
Briant is a big loser, in the election, silvio berlusconi and his successor, he drove the Italian more serious recession due to eliminate the alliance.
In Europe, and in all over the world financial markets worry, is Italy's appetite reform may weaken its debt situation may worsen.
Although Italy's annual loan - its budget deficit - and other eurozone countries in its annual gross domestic product (GDP) of 3%, is relatively small, its overall debt as a huge ?2 trillion dollars.
Last July, pay attention to the national debt ability - although briant reform - stable broader eurozone send its ten-year Treasury bonds interest rates backup to nearly 6.36% of the unsustainable. That prompted the European central bank President Mario Della auspicious offer to buy an unlimited amount of short-term debt in the struggle of the high cost of borrowing countries.



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