Bersani Headed for Election Win Over Berlusconi, Poll Shows
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Pier Luigi Bersani, the ex-communist who campaigned to maintain budget rigor, is on track to win Italy’s first election since Europe’s financial crisis broke out, according to a SkyTG24 Tecne poll.
Italian bonds and stocks rallied as the poll showed the populist campaigns of Beppe Grillo and Silvio Berlusconi fell short against the austerity advocates. Staying the course set by outgoing premier Mario Monti in the world’s third-biggest debtor is crucial to Europe’s effort to contain the turmoil that forced Berlusconi out of office in 2011.