Napolitano Prepares for Talks on Forming New Government

Giorgio Napolitano was sworn in for a second term as Italian president, fueling hopes he can bring an end to the country’s political gridlock two months after inconclusive elections.

Italy’s two biggest coalitions pressed Napolitano to accept another term after Parliament failed to elect a president in five ballots that started on April 18. The standoff led to the resignation of Democratic Party leader Pier Luigi Bersani, the partial victor in February’s inconclusive vote, after his allies scuttled his first two picks.

The Democratic Party and Former Prime Minister Silvio Berlusconi’s People of Liberty set the stage on April 20 for a possible coalition government by coming together to give Napolitano another seven-years in office.

Before it's here, it's on the Bloomberg Terminal.