Renzi says gridlocked Italy 'wasting time'

Many companies on verge of bankruptcy, says Florence mayor

Renzi says gridlocked Italy 'wasting time'

Florence, April 3 - Florence's centre-left Mayor Matteo Renzi on Wednesday said that Italy was wasting time with no end in sight to the political gridlock that has gripped the nation since February's inconclusive general election. "We are going through a political-institutional period in which time is being wasted, while the world is asking us to run twice as fast" said Renzi, who is expected to challenge to lead the centre left if Italy returns to the polls later this year after losing the last primary to the head of his Democratic Party (PD), Pier Luigi Bersani. Italian President Giorgio Napolitano at the weekend asked a group of 10 'wise men' to try to break the stalemate by producing a government programme capable of winning cross-party support. This came after Bersani, whose coalition came first in the election but failed to win a working majority in the Senate, admitted he had failed in his bid to convince the anti-establishment 5-Star Movement (M5S) to back his programme for a "government of change". Bersani has rejected calls from ex-premier Silvio Berlusconi to form a grand coalition with his centre-right People of Freedom (PdL) party. "A political world that cannot run produces solutions that it cannot put into practice," added Renzi, who was sceptical from the start about Bersani's bid to reach out to the M5S. "Time is up, lots of companies are on the edge of coming to the end. "What's needed is political credibility and responses on the issues of work or we risk losing the road to get back home".

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