The center-left alliance led by Pier Lugi Bersani appears to have won a clear majority in the Italian lower house of parliament, the Chamber of Deputies, which would enable it to form a government. But it may fail to clinch a majority in the Senate upper house, according to initial polls taken after voting stations closed at 3 p.m. CET on Monday. European capitals and financial markets have been worried that the election won't produce a clear outcome, resulting in political gridlock and fresh instability in the euro zone's third-largest economy after Germany and France. Their fears may be confirmed. Projections from ... (full story)