This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bersani Wins Italy Primary, Heads To General Vote


ROME (AP) â¿¿ Pier Luigi Bersani, the head of Italy's main center-left Democratic Party, won a runoff primary Sunday to become the main center-left candidate for Italy's 2013 general elections â¿¿ a vote that polls indicate could well be won by the Democratic Party given the utter disarray of the opposing center-right.

Preliminary results gave Bersani 60.8 percent of the vote compared to Florence Mayor Matteo Renzi's 39.1 percent, with two-thirds of the votes counted.

Even before the results were released, Renzi conceded the victory to Bersani in a Twitter message, writing: "It was the right thing to try, it was beautiful to do it together. Thank you all from the heart."

The primary had been closely watched since the Democratic Party has a significant lead in the polls over former Premier Silvio Berlusconi's center-right People of Freedom party, which has been in chaos following the media mogul's 2011 downfall, a series of corruption scandals within party ranks and Berlusconi's indecision over whether to run for a fourth term.

The 2013 general election â¿¿ expected in March or April â¿¿ will decide if Italy continues on the same path to financial health charted by Premier Mario Monti, appointed last year to save Italy from a Greek-style debt crisis. The former European commissioner was named to head a technical government after international markets lost confidence in then-premier Berlusconi's ability to reign in Italy's public debt and push through structural reforms.

Monti has ruled out running for office but has said he would be willing to stay on in some capacity if he could be of service. Some commentators have floated the idea of Monti taking over the largely ceremonial role as Italian president, while others say his talents would be put to better use as treasury minister.

Nearly all polls had projected Bersani would beat Renzi, who campaigned on an Obama-style "Let's change Italy now" mantra that attracted many disgruntled Italians back to politics. Renzi used his youth â¿¿ he's 37 â¿¿ to bolster his call for Italy's entire political class to be "scrapped."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs