While Italy's Senate voted to remove former prime minister and convicted tax evader Silvio Berlusconi from its ranks, he vowed to lead from the sidelines. Berlusconi owns the country's largest private broadcaster.
Center-left leader Enrico Letta will be Italy's new prime minister, after his party formed a coalition government with former Premier Silvio Berlusconi's conservatives.
Enrico Letta's appointment as prime minister-designate has sparked hope that a coalition government might finally be formed after two months of negotiations.
The small protest party 'Alternative für Deutschland' could shake the political establishment by tapping into German resentment over its perceived propping up of Europe's south.
The mood in Prime Minister Cameron's party is grim after it came an embarrassing third in the battle for a parliamentary seat in Eastleigh, a city the party sees as key to its fortunes in 2015.
Austerity's bite was a primary factor in the strong showing by Beppe Grillo and Silvio Berlusconi in national elections. And now some experts say that austerity is hurting Italy's economy.
The Five Star Movement's strong showing in Italy's elections has made comedian-turned-activist Beppe Grillo into a kingmaker. But many in Europe worry the last laugh will be on Italy.
Markets tumbled and the value of the euro dropped in response to Italy's election results and their unexpectedly loud rejection of German-imposed austerity policies.
Some election results in Italy are inconclusive, as of Tuesday. And world economic markets are reacting to the news in a negative manner.
Silvio Berlusconi's party appears to have won Italy's upper house, thereby likely preventing one-time presumptive premier Pier Luigi Bersani from forming a governing coalition.