Tuesday, June 14, 2011

Italian Election Results Bad for Current Government

link here to article

The results in Italy's local elections were a blow for the policies of the current government. Voters opposed the use of nuclear energy, privatization of the water supply and a law that would make Italy's scandal prone leader immune from prosecution.

The result in Italy reflects a general malaise in several euro zone countries suffering from economic problems. The socialist party in Spain lost key local elections as well. Voters were not pleased with the use of conservative austerity measures to deal with high unemployment. Greece, Ireland and Portugal are also experiencing a loss of confidence in government attempts to deal their economic problems.

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