or centerleft candidate, luigi bersani, is likely to try and form a coalition -- pier luigi bersani, is likely to try and form a coalition. officials are preferred -- predicting that italy will have to go to the polls again. >> if you don't have the numbers to govern, the most likely scenario is another election shortly. >> the big losers in all this, brussels and berlin. voters in large numbers rejected austerity and painful reforms. >> i think they will wring their hands and tear their hair out. all these reforms which italy has gone through will probably go up in smoke. certainly, the markets will be very unhappy and the european institutions will be very unhappy. >> but this election and, in particular, comedian beppe grillo have sent a message to europe's leaders, a candidate from nowhere tapped into a country's rage against austerity. >> a quick look at some other news from around the world. the swedish retailer ikea has withdrawn meatballs for sale from 21 european countries after tests on a batch in the czech republic showed traces of horsemeat. ikea said its own checks have

we just call him chef luigi. what part of italy?> south of italy. >> i hope they will help us today. >> this is beautiful and i know that you are very well thought of and deserved here in washington. you've been at el tirimsu for several years. >> the main ingredient in this recipe are cod, salt, of course, potato and broccoli and milk and pepper dry from -- >> dried red peppers. >> comes with the pepper and they come in a different shape, of course. this one in this recipe, fortunate for the -- >> how did you decide to make this particular dish? is it a traditional dish in italy? >> it is. i want to take the traditional italian recipe where i'm from and i like to fine dine. >> basically what we do, even for people probably who don't like a cod, the secret is that you actually soak in milk. >> so you cook the cod fish, which is this. >> you don't cook this. this is basically how we find it in the market. salt it and cure it. so what you do, you put in the water for three days, depend how thick it is and then you cut into small piece

and then you see another one of a luigi has come back and i like it in that he says he is praying to me that god should bless me i think i am a he says he will come back. in my heart of want to see my brother. i want to see. the militants remain and can while their leaders negotiate the terms of their surrender. leave me you know that's. fine i called my savior most school for a friend but how did this manned flight. in business i get into this you know small slow spongy friend say in the video if in the fist it's understand friend. seeing in the media this is schools the new anything since it. is the friend. that's our mind. my blood that can dismiss. this strange that. constant looking being. cut cut cut cut cut. cut cut. cut. cut. cut. cut. cut cut. cut i feel. the last prominence militants in nigeria has given up his weapons offer agreeing to an amnesty deal with the government it comes all to give is a rebel led attacks on nigeria's oil industry damaging his economy and costing the country billions in lost revenue now the government has offered cash and jobs for thousands of fin

and then you see another one of luigi has come back and i like it in that he says he is praying to me that god should bless me. i think i am a he says he will come back. in my head and went to see my brother. i went to see. the militants remain in camp while their leaders negotiate the terms of their surrender. leave me you know that's. fine i called my savior most school for a friend but how did this manned flight. in riyadh broadcasting in this news i get into this you know small slow spongy friend saying. if in the fist it's understand friend. in the media this is schools living anything since. good friend. that's our mind. that can dismiss. this and. that's why i have to look you need. to cut cut cut cut cut cut. cut cut cut. cut. cut off. their. feet. the last prominence militants in nigeria has given up his weapons offer agreeing to an amnesty deal with the government comes all to you is a rebel led attacks on nigeria's oil industry damaging his economy and costing the country billions in lost revenue now the government has offered cash and jobs for thousands of finances in retu

early predictions givingpier luigi bersani a clear lead in the lower house of caller meant. -- of parliament. as most likely partner is outgoing prime minister, mario monti, the architect of an austerity program popular with the international world. he may have been upstaged, but they currently have a slim lead in the upper house of parliament. a further muddying the picture, his tirades against the political elite helping his 5- farm movement to the initial in a strong third. they're starting to predict parliamentary gridlock which could perpetuate another trend. voter turnout was 8% was down five years ago, not a good omen for the eurozone's third largest economy. >> for the latest, let's go to rome and to our correspondent. it's looking quite close. what's the latest you've heard? >> italy is heading for a stalemate. in his neck and neck believe the left and -- between the left and right and it is still too close to call who will have a majority in the senate, the second chamber, but it is the deciding chamber because you would need both in italy to govern in a stable manner. >> there has

silvio berlusconi did almost as well as pier luigi tristani -- but no one has control over both houses and you need got to govern properly. >> let's talk to our correspondent in rome. we're only just digesting that results. people are already talking about the need for another election. >> there are pretty much only three options. one is another election in the next couple of months, because italy will be ungovernable, as the newspaper headlines this morning are suggesting, and the second would involve some grand coalition. that has never happened before in italy. it is a very divisive political system here. and at third, which seems unlikely, would be the leader of the five-star movement changing course and agreeing to operate with one of the coalitions. he has made no signs hughes willing to do that. -- no signs he is willing to do that. >> you mention this anti- establishment figure. we kind of know what he does not want. we kind of know what people voted for him do not want, but we have no idea what they do want. problem.a real you have more than 100 people in the italian parliamen

pier luigi bersani's party won a majority of seats in the lower house, but not in the upper seat. the center right won the upper house. the five-star movement also took many seats. beppe grillo leads the new party. forming a new administration requires approval by both houses of parliament. various parties will have talks before parliament convenes, but launching a stable administration won't be easy. voters in rome were pessimistic about the election outcome. >> translator: i'm afraid italy will become greece. >> translator: i want the politicians to fix the problem. >> berlusconi wants to avoid a political vacuum but has not made specific plans. >>> investors have been keeping a close eye on this election. they, too, have expectations for italy's next government. we have more on that. >> reporter: the debt crisis has subsided since last september when the european central bank detection. ecb officials decide they would buy an unlimited number of government bonds from companies in serious financial trouble. however, investors are growing concerned in wake of italian election. the

the stock market was shaken by yesterday's news from italy that italian democratic leader pier luigi bersani shot ahead in exit polls. bersani's party opposes austerity measures, which brought fear back into the minds of u.s. investors, many concerned that italy's current debt load poses a threat to the eurozone and global economy. bersani is the secretary of the democratic party of italy. italy's outgoing prime minister, mario monti, accounted for just around 10% of the vote. "bp was blinded by greed" and the castrophe was preventable. that's what attorneys figthing against the company had to say opening their remarks in the bp trial. bp attorneys contend multiple parties are responsible. the oil giant is on trial for thde explosion in the gulf of mexico back on april of 2010. 11 workers were killed and oil gushed into into the ocean for 3 months. behind the scenes, the department of jusitice reportedly has a $16- billion deal on the table. $6 billion would settle the clean water act violations, $9 cover damages to the gulf coast, and $1 bllion for future environmental issues. kfc i

appears the anti- austerity party appears to be in control and the italian people have elected pier luigi bersani to become the premier. that's causing concern for the eurozone, because he is against bailout money from germany that requires severe budget cuts and tax increases. "for europe it just means a lot of uncertainty and instability. so far the markets are taking it pretty well. we'll see how long it lasts or if we'll see another flare-up of the eurozone crisis." that's jack ewing of the international herald tribune. bersani is said to be still trying to form a government. president obama's pick to head the securities and exchange commission is catching flack from congress. in january, the president named mary jo white as his pick for the job. now, the new york times reports, senate banking committee members are asking white to answer detailed questions regarding her past experience. lawmakers are concerned due to white's time spent representing wall street as a defense attorney. white responded, stating she has an established track record and a reputation of being tough but fair.

pier luigi bersani spoke after the results of a parliamentary election produced no clear winner. bersani's democratic party and its partners won a majority in the lower house. but no party secured a majority in the senate, setting the stage for a political stalemate. bersani's calling for continued efforts to reduce italy's debt. hicoalition needs team up with other groups because a new government must be approved by both chambers of parliament. he said he'll only negotiate under the mediation of president giorgio napolitano, who has the authority to appoint the prime minister. a center-right coalition led by former prime minister silvio berlusconi emerged from the election as the second largest block. berlusconi has hinted at the possibility of a grand coalition. the newly launched five star movement led by comedian beppe grillo is the third largest force. he stresses his bloc will decide its positions on a policy by policy basis. negotiations between the three groups are expected to be difficult because they have all staked out different stances on key issues. analysts say the

what was supposed to happen was a guy named luigi basani was to win.nd berlusconi who was supposed to come into second, he came in tied. and beppo was to come in third. he didn't. he came in really close. he surged dramatically. finally mario monti, the current president did far worse than anyone expected. bottom line, no one's got enough power to really control anything. silvio berlusconi's comeback is very impressive. despite his scandals, wiretapping, et cetera, he's done very well. look what happened when he voted yesterday in milan. he walks into the polling station and almost immediately three different women rip off their tops and on their bare backs and their bare breasts are painted bas to silvio. what they're saying is bas to berlusconi. enough of berlusconi. as you can see, they were grabbed by the police, dragged from the polling station out into the snow. it was a high level of drama. a lot of moments of tension. but that speaks to the nature of berlusconi and what has been on almost circuslike atmosphere for this election. bottom line, we

it was 24 hours after the polls closed that the leaders of the center-left, pier luigi pazzani -- bersani, came out to face a dramatic situation. the problem, he said, with the remedy we came up with for the financial crisis. it was based on just austerity and rigor, and had a deep impact on public opinion. as for berlusconi, he said italy cannot go on government and we have to reflect. but all calculations were complicated by the extraordinary success of the comedian who wants to tear up political -- the political system in italy. today, he was dismissive of the main parties. we are any time of epic change, he said, it is not about making alliances. that is over. papersprisingly, some declared a dirt -- italy ungovernable. i would say the system has fallen. another one must be moved up from the very bottom. and now we have to be shielded by somebody. >> on the streets, the mood is anxious. here is a financial consultant. >> surprise. i did not expect to be a situation that is ungovernable. >> i am convinced we will go back to the polls in a few months. >> an indication of the level of co

election has ruled out a coalition with the center left describing the head of the democratic party pier luigi bersani as a dead man talking the former comedian claimed he would not support any new government for political parties participated in the election none of them gaining enough seats to govern leaving the country in political deadlock italian public demonstrating a strong n.t. of the sentiments during the election even prime minister monti's party with a minority of votes in both the lower house and the senate. libyan government is set to urge the u.n. to lift an arms embargo imposed in the. twenty eleven uprising brought down market duffy's regime plans were announced by the prime minister as tripoli desperately seeks to rearm its military which has been struggling to take control of the country since the fall of gadhafi militias containing many former rebels hold much of the power on the ground across libya's vast territory. in colombia striking coffee growers have clashed with police and blocked roads demanding a fair return for their coffee beans farmers through objects that secur

the different parties in italy about what to do with its economy but yet many experts expect here luigi bersani to be a pragmatic politician who is likely to follow in monte's footsteps at least in terms of you know all the austerity measures and such old the tough reforms what will he focus on first and foremost in your opinion what will be his priority well we would say that we're probably a bit more skeptical on that front simply because spurs army is very very close to the trade unions to the very powerful trade unions in italy and that simply means that i think on those reforms that monti already tried i think most notably the labor market reforms there really i think progress is needed in order to you know get a little bit away with that where lity that you have in the labor market you have a very high youth unemployment in italy and we probably fear that i think the trade unions will try to stop all of those important reforms that monti already tried but he did not really i think at the end succeed i think many of his reform proposals in particular with regard to the labor market

its leader, pier luigi bersani, supports the austerity measures. former prime minister silvio berlusconi's group has come in second with 29.2%. his group has campaigned on revising spending cuts and other parts of the austerity program. officials said no political group is projected to win a majority in the uner house. a government needs a majority in both houses of parliament. >>> well, berlusconi has become a fixture in italian politics. the election has given him another moment in the spotlight less than two years after he was forced to leave office. nhk world's josho watanabe has more from rome. >> reporter: italians went to the polls in a test of their appetite for austerity. they felt the weight of economic hardships under european union demands for reform. silvio berlusconi failed to address the national debt when he last sat in the prime minister's office. so he had to step down in 2011. in the meantime, he's regained support by appealing to voters' frustrations. he promised to review austerity measures and slash taxes if he gets re-elected

the leader of the center-left, pier luigi bersana, seemed to be ruling that out and seemed to be extending a hand towards grillo's 5-our movement, saying they could perhaps agree on a five-point plan for sweeping reform of politics, the institutions, and coupled with that, a commitment to a new employment policy for the european union and protections for those left most of former rebel by the recession. >> what about new elections? will they change anything? >> the difficulty with that is the parliament, which has been elected now, hastert -- has to stay in existence long enough to elect a new president. the problem here is that the mandate runs out in the middle of may, and the process for finding a new head of state has to begin quite a long time before that. there really is no way that they can immediately go back to the country. >> thank you so much for that. well, with no clear way forward, we wanted to find out what you officials have been saying. they had been hoping for a stable italy, which would continue on the path to economic reform. our brussels correspondent summed up some of

former prime minister silvio berlusconi gain victory in the senate while the center left leader pier luigi bersani one of most seats in the lower house of parliament with no one earning enough votes to govern professor of economics lot of the says italy's political stalemate will have a dire consequences for the country's battered economy. italy is in the critical need of they've been reformed to reassure the markets and i don't see it in the program that this inner left gave or that degree law addressed so the problem is that they're addressing some parts corruptions and honesty but they're not addressing the konami key issues the way they should be there's going to be clear worry of over default to a partial default and i would have that's why it's something the might scare the markets because italy has two thousand billion euros in day and it's six times bigger than what greece has and the international economy doesn't have the you know the the salvage farms to take care of the problem of this magnitude. now iran and six of the world's leading powers have failed to solve the impasse ove

prime minister silvio berlusconi gained victory in the senate while the center left leader pierre luigi bersani one of the most seats in the lower house of parliament with no one on enough votes to govern the deadlock sparked a drop in the value of the euro and ignited warry on global markets which are losing faith in it to his ability to deal with the financial crisis professor of economics a lot of each of his r.t. says it's a nice political stalemate will have dire consequences for the country's battered economy. italy is in the critical need of evena reform that reassures the markets and i now see it in the program that the center left gave or that the green addressed so the problem is that they're addressing some parts corruptions and honesty but they're not addressing the konami key issues the way they should be there's going to be clear worry of over default to a partial default and i would have that's why it's something to my scare the markets because italy has two thousand billion euros in debt and it's six times bigger than what greece has and the international economy doesn't

you can see them there the majority of seats won by the center left democratic party led by pierre luigi bersani he's closely followed by the billionaire tycoon and the former prime minister of course over by the skirling his political career is experiencing a revival despite ongoing sex scandals another unexpected development was the massive success of the anti establishment five star movement you can see there by comedian there pay grillo the party managed to gain over twenty five percent of the votes but right to the bottom the biggest loser of the day turned out to be the current prime minister mario monti and his civic choice party you can see them there they gained only about ten percent a clear snub of his or stereotyped policy it's now let's take a look at the senate where the leaders there are reversed with the risk only managing to snatch three seats more than bazzani however the majority in both houses of parliament is needed to govern which leaves italy in a political deadlock because the euro to drop rattled the global markets raising fears that the stalemate will only worse

slimmest of margins and little more than one hundred thousand votes sent a letter comes that pier luigi bersani has won control of the no house but i majority in both houses of parliament is needed to govern a no single political group looks like it won't have a clear majority so political analyst paolo read for it says travelling italians feel let down by that point attentions people need to be diluted of the images which are not produced the structural reforms of the society in order to have a trustable future for those who are already working and for those who are trying to do the work force people are dying of roses which have not been fulfilled the center left the is. getting what it was already. in the balls elections but certainly many people are wondering why they didn't make the reforms in the previous the stations where they had the majority so this is usually very chaotic at the moment it is not certain that the government can be forged if not the coalition government involved in almost all the major political forces that are present in the pound. and does not get sleaze gran

droves to make his this strong this past week in a silly but is the center left coalition led by pier luigi bersani that has won control of the lower house and it also claimed the most seats in the senate but not enough to be able to govern and political on its own restfulness says struggling attorney and feel let down by that point insurance people need to be out of the measures which are not produced the structural reforms of the society in order to have a trust the future for those who are already working and for those with land to do the work force people are dying of promises which have not been fulfilled the second left is. getting what it was already seen in the polls. but certainly many people are wondering why they didn't make the reforms in the previous the stations where they had the majority so this is usually a very chaotic at the moment it is not certain that the government can be forged it's not a coalition government involved in almost all the major body. forces that are present in the bond. markets lose ground sharply at the prospect of a hung parliament because a reporter

house of parliament the majority of seats were won by the center left democratic party and by peter luigi bersani he's closely followed by the billionaire tycoon and of course former prime minister silvio berlusconi whose political career is experiencing a revival despite ongoing sex scandals another very unexpected development was a massive success of the anti establishment five star movement led by comedian paid grillo the party managed to gain more than twenty five percent of the votes the biggest loser of the day turned out to be the current prime minister mario monti and his civic choice party which game dhoni about ten percent clear snub of his austerity policies and look at the senate. you know where the lead is well reversed with both skinny managing to snatch three seats more than deciding whether the majority in both houses of parliament is needed to govern which leaves italy in a political deadlock because the euro to drop and rattled the global markets raising fears of stalemates will only worsen the already economic situation in the country the professor of economics live bec

that was the last of votes counted and despite the slimmest of knowledge is center left comes that luigi bersani has been declared we know the house but silvio berlusconi's party has asked for more time for the loss was to be time had a majority in both houses of parliament is needed to govern as a result for the upper house remains too close to call and political analysts paolo before a sas travelling italians feel let down by that politicians people who need to be out of state in measures which have not produced the structural reforms of the society in order to have a trustable future for those who are already working and for those who have land to do the work force people are tired of promises which have not been fulfilled the center left is. getting what it was already seen in the polls lections but certainly many people are wondering why they didn't make the reforms in the previous the stations where they had the majority so the situation is very chaotic at the moment it is not certain that the government can be forged if not a coalition government involving almost all the major pol

his chief competition is center left candidate luigi versani and pepe rio.olls when he voted yesterday and women took off their tops to reveal enough of sill have i i don't in italian across their chests. well, big news out of the vatican today. pope benedict xvi has now moved up the date of the conclave to gather to elect his successor. as another cardinal is still touched by the continuing sex abuse scandal. nbc's ann thompson joins me from rome with more details. first of all, the timing of the conclave, i know the rules allow the cardinals to move it up. what is he saying? when do you think this will begin? >> that's a good question, andrea. despite the pope's actions today, we still don't know when the conclave will exactly start. what the pope did today is give the cardinals the permission to move up the start date with this provico, that all the cardinal electors, all those cardinals under the age of 80 that will vote for the next pope have to be here to decide on the new start date. so the cardinals will start gathering on march 1st, the day after be

left to right, hoping that the candidate on the left, luigi brusani, appears to be in the lead, comese as the polls suggest. he doesn't have enough to control the entire government so investors are hoping he might form a coalition with the man on the far right, mario monti who is the current prime minister, not elected, a technocrat and has done a lot to try to improve italy's finances. the problem is that may not happen because you have two disrupters. silvio berlusconi, the former prime minister, three times now making an incredible comeback, despite all kinds of issues with the law, and also a comedian who has also suddenly skyrocketed into the polls, really capitalizing on all the discontent here in the italian so seat because they are angry abo about. >> wow, what a story. talk about a comeback. silvio berlusconi. >> back again. >> thanks, michelle. >> up against a comedian. >> when in rom. all right. >> there are so many things we were saying but we won't get to them right now, but we are watching this market very carefully. 15 minutes left. the dow up 106 points. if we were to

the first one is the center left leader, luigi personi. and perhaps him teaming up with the anti-establishment comedian, bepe grillo who we'll show you. here they are. >> translator: it's as clear that anyone who cannot guarantee the ability to govern his own country cannot be said to have won the elections. and therefore, we haven't won even if we were first. this is the substance. and this is also the reason for our disappointment. >> translator: they talk about coalitions. they're finished. the story is finished. another story will start. why do you continue talking about coalitions? they're finished. >> reporter: so clearly bepe grillo, the guy you saw, says he's not interested in the coalition at all. there has been talk that everybody would go into parliament. and his party would help support only the laws that they want to support as opposed to the old style of doing things where once you get a coalition in theory, everybody agrees we're going to push certain things forward altogether regardless. so that would mean, you know, things

that is luigi bersani. berlusconi and grillo got a lot more votes than anyone expected. that's what led to gridlock and so no one is in control. silvio berlusconi, sounding exhausted, called into one of his networks this morning to chat with the news anchors there. first of all, he doesn't think there should be new elections, which is a possibility. when he was asked about interest rates rising in italy, he said, don't worry about interest rates. they are an invention. the markets are a little bit independent and a little bit crazy. and the fact that the spread is widening compared to german interest rates, why do we have to compare ourselves to the germans all the time? we don't have to. he hinted to a coalition with the left. he didn't say he would do it. the other thing he said was he was hoping that mario monti didn't even get 10%, didn't get into parliament at all. he said if that had happened, he would have gotten drunk, but he's decided to give away those bottles of wine to his friends. beppe grillo, the comedian that you talked about did phenomenally well. he boa

luigi bersani is in first place. if you're a union member in italy, he is your guy.ncomparable silvio berlusconi making an incredible comeback, even though he's faced convictions, sex scandals, et cetera. but he's still an incredibly deft politician and much loved by a certain part of the italian population. in third place, beppe grillo. and mario monti, the current premier, he is in fourth place even though he's done a lot for the italian finances. he's not getting a lot of credit from the italian people were having brought the finances below 7% down to 5%. let's tell you about beppe. he is a comedian. he traverses the country in a camper. he's the founder of what they call the five star movement. he's unbelievable. the things he says on stage are crazy. he's got tens of thousands people showing up at his rallies. he runs across the stage. he uses many obscenities to talk about the current politicians that are out there. and the italians who show up at his rallies love it. the video -- have we got the video of the rally? okay. you can see there were tens of thousand

let's show you the choices of candidates, in the lead with roughly 34% according to the polls, it's luigi bersani. if you're in the union, he is your candidate. second place, the amazing sylvia berlusconi with roughly 30% of the vote. former prime minister, despite numerous convictions, despite the allegations of the sex with an underaged prostitute who has a stage name when he's a more rocco belly dancer ruby the heart stealer, he is stell number two in the polls. he's about as right wing as you can get, the most free market you can get. he hasn't achieved a lot of the policies that he's wanted to in the past. but still, if those are the kind of policies you want, he's the one advocating them the most. he is a very, very adept politician. that is just the opposite of mario monti who is the current prime minister. he's in fourth place. the electorate gives him absolutely no credit for stabilizing the interest rates of italy, bringing them down from 7% to below 5% after doing some reforms that the italians hate,ite? lots of austerity and the business community thinks maybe he raised taxes