European commission has 'full faith in Italy' after election

Barroso meets with Monti after reformist premier socked at polls

European commission has 'full faith in Italy' after election

Brussels, February 27 - European Commission President Jose' Manuel Barroso on Wednesday "expressed his full faith in Italy", according to a statement, after elections there failed to produce a clear majority in parliament. "As one of the biggest economies in Europe, it will guarantee the conditions of stable politics in the interests of both the country and Europe," a European commission statement said. Barroso was meeting in Brussels with outgoing Premier Mario Monti, whose centrist reform ticket produced disappointing results at elections Sunday and Monday, while the center left squeaked by with a majority in the House but failed to secure a majority in the Senate, priming the parliament for gridlock. The big winners were Silvio Berlusconi's center-right bloc and Beppe Grillo's Five Star Movement, both of which ran on anti-austerity platforms to take over 50% of the popular vote. That has some investors and leaders worried about Italy's willingness to uphold economic and financial reforms imposed by Monti.

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