Last month's Italian election left the country deadlocked between three factions vying for power. Analysts fear that the political crisis on top of the country's economic crisis could leave it unable to service its debt, dealing what could be the ...

Who's laughing now? Italy's parliamentary election has ended in a stalemate, which sent markets plunging this morning. Pier Luigi Bersani's center-left bloc won the lower house, but not the Senate, and nipping at his party's heels is for...

Silvio Berlusconi will not pursue his ambition to return to the office of prime minister. That's the price of a deal he has finally secured with the Northern League in a bid to strengthen Italy's center-right ahead of next months election. But the...

Tuesday was one of the longest days in Silvio Berlusconi's 17 years in power. He went into it locked in a struggle with rebels in his own party who he tried to force to vote for a vital state finance bill, but when the vote came they ignored his t...

The Italian senate has approved key austerity cuts aimed at convincing investors that the eurozone's third-largest economy will not be swept into the growing European debt crisis. The measures were passed in a 161-135 senate vote on Thursday.