Comedian splits Italy vote

Italy appeared to be heading towards another political deadlock after a centre-left coalition narrowly won the lower house but failed to win the Senate. But a protest movement led by comedian Beppe Grillo won 25%

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  1. James Mates

Italy's political future is tied by the Euro's single currency

The cost of borrowing money in Italy's government has risen considerably today as the stock market has fallen.

The same thing has happened to Spain and this indicates how one crisis so quickly spreads to another.

One of the flaws in the structure of the Euro is that you have national democracies where the will of the people is supposed to decide policy and yet when you are tied to other countries by a single currency you cannot just go your own way.

If a country threatens to go its own way it could potentially do serious damage to all of those around you.

That's why we are hearing political voices all over Europe saying to the Italian people they cannot have their own policies if you are going to stay in the Euro.

A senior aide to Chancellor Merkel today warned that the Eurozone crisis may come back after we thought we left the crisis a long time ago.

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