Beppe Grillo’s Five Star Movement On Verge of Being Largest Political Party in Italy; Italy Stock Market Futures Plunge 3.5%

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As the vote totals wind down, Beppe Grillo is the symbolic winner in the election. His MoVimento 5 Stelle (MS5 – Five Star Movement) is on the verge of becoming the largest party in Italy by popular vote.

As of 4:00 PM…

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The center-left coalition of four political parties has 29.7% of the vote, but Bersani’s party, Partito Democratico (Pd), has 25.5% of the vote.

Beppe Grillo has no coalition. His MoVimento 5 Stelle (M5S) party is in a dead tie with 25.5% of the vote.

The center-right coalition of nine political parties received 29.0% of the vote, but Berlusconi’s party, Il Popolo della libertà (Pdl), received 21.4% of the vote.

On an Actual Party (Not Coalition Basis)

  • Pier Luigi Bersani – Partito Democratico (Pd) – 25.5%
  • Beppe Grillo – MoVimento 5 Stelle (M5S) 25.5%
  • Silvio Berlusconi – Il Popolo della libertà (Pdl) – 21.4%

Those totals are as of 4:00 Central. I have been watching the totals for a half hour. M5S has been inching up steadily. A half hour ago M5S was down by .5%. Momentum suggests M5S will overtake Partito Democratico (Pd).

Italy MIB Stock Market Futures Plunge

From the Guardian Election Blog

Update As of 4:20 PM

Grillo move into a vote lead for the first time I have been watching. Percentages still locked at 25.5% each.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com 

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avatarMike 'Mish' Shedlock - Mish's Global Economic Trend Analysis posted Monday, February 25th, 2013.

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