Poll results in Italy show power is split between a number of parties, including one led by former Italian Prime Minister, Silvio Berlusconi.

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.

The outgoing Prime Minister of Italy, Mario Monti, has said he would would be prepared to head up any new government committed to his economic reforms.

The last thing the global economy needed was more political upheaval in Europe. But that's what we're getting. Italian prime minister Mario Monti plans to resign, and there will be elections early in 2013.

Italy, the third biggest economy in the euro zone, has been plunged into political turmoil as Prime Minister Mario Monti has announced plans to step down.

A vote today in Italy passes a round of austerity measures suggested by newly appointed Prime Minister Mario Monti. But is it enough to make a dent in the problem?

The new leader of Italy has announced a plan for tax increases and spending cuts to deal with the ongoing debt crisis in the country

After months of protest, it appears Italians may finally be ready to work with the government to fix the nation's crumbling economy.

Newly-appointed Italian prime minister Mario Monti begins to form a new government. But the economist won't just be trying to appeal to domestic voters — he also must satisfy foreign investors.