Don't Count Bunga Out Just Yet - Berlusconi Now Has Senate Lead Over Bersani

Tyler Durden's picture

As noted initially, Italian exit polls are notoriously inaccurate. Sure enough, here is some data which directly contradicts initial pro-statist results:

  • BERLUSCONI LEADS IN KEY SENATE RACES, IPR PROJECTION SAYS
  • BERLUSCONI LEADS IN SENATE RACE 31% TO 29.5%: RAI PROJECTION
  • BERLUSCONI COALITION LEADING SENATE IN SICILY: LA7 PROJECTS

The market may have to ask some questions, after having shot repeatedly already. And it gets better:

  • Grillo Five-Star movement would be largest single party in Senate based on Rai projection 

A renegade, counter-establishment comic to head it all. What can one say but... Italy.

And EURUSD continues to weaken and Italian bonds have given up their post-poll gains...

 

Charts: Bloomberg