Industry experts have expressed concern about the result of the Italian election, warning a hung parliament or an unlikely coalition between Luigi Di Maio's Five Star Movement (M5S) and the right-wing League party is an "existential" threat to European markets.
A hung parliament remains the most likely result with ex-Prime Minister Silvio Berlusconi's centre right coalition falling short of the 316 seats required in the lower house of parliament for a majority by only winning 233 seats. Anti-establishment parties M5S, which will become the country's biggest party, and the League posted stronger-than-expected results with 32% and 18% of the vote respectively, making it a possibility for the two to form a government. The governing Democratic Party - headed by former Prime Minister Matteo Renzi - had a terrible night, with the party winning les...
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