Europe jitters over Italy deadlock
A&E patients are waiting longer
Paramedics describe hospital 'chaos'
VIDEO: Australia braced for Cyclone Rusty
Blair: Life in Iraq not as I hoped
Lost Rudyard Kipling poems published
'The Worm' Turns Up In North Korea: Dennis Rodman Is On Visit
The flamboyant former NBA star, now 51, has gone to the communist country for some basketball diplomacy and to take part in a film being made for HBO.
Teen pregnancies fall by a quarter
Duggan gun supplier given jail term
Hillsborough police email criticised
Oxfam Gives Big Food Companies Bad Behavior Grades
When it comes to protecting the environment and issues like worker well-being and women's rights, 10 of the world's biggest food producers get failing grades from Oxfam, an activist group for the poor.
» E-Mail This » Add to Del.icio.us
Oxfam Gives Big Food Companies Bad Behavior Grades
When it comes to protecting the environment and issues like worker well-being and women's rights, 10 of the world's biggest food producers get failing grades from Oxfam, an activist group for the poor.
Day in pictures: 26 February 2013
Italy election deadlock reignites debt crisis fears
Remember a time not long ago when analysts and pundits predicted the break up of the euro? The European debt crisis has calmed down a lot in the past few months, but elections in Italy have ended in deadlock and uncertainty is back.
Poll results today show power is split between a number of parties, including one led by former Italian Prime Minister, Silvio Berlusconi.
Carsten Brzeski, an economist at ING in Brussels, says a political stalemate means Italy is unlikely to get its financial house in order anytime soon.
"These elections are really another painful reminder that the crisis is far from being over," says Brzeski.
The uncertainty has already driven up Italy’s cost of borrowing. The fear now is that doubt will spread to other euro countries like Spain. Spain continues to grapple with an unemployment rate of 26 percent as it implements deep budget cuts.
"There’s a real problem for Spain, which is that people really don’t have any trust in the government and the reform process," says Luis Garicano of the London School of Economics.
Garicano says the elections in Italy are testing the stability of the euro, and posing an important question: Does the continent really want the currency at all?




