Journalists wait for vote results at the headquarters of Silvio Berlusconi's People of Freedom party (PDL) in downtown Rome on February 25, 2013. - 

Global stock markets are falling this morning after Italian voters gave the world's eighth largest economy a dose of political uncertainty. Preliminary results indicate no political party won a clear majority in parliament.

The BBC's Mark Duff in Milan joins Marketplace Morning Report host Jeremy Hobson to discuss what the deadlock means for a country caught between forward-looking austerity reforms and current economic hardship.