Don't Count your Chickens before They're Hatched: The 2013 Italian Parliamentary and Presidential Elections

The 2013 parliamentary and presidential contests were both outstanding elections, even by Italian standards. In the former case, this was because of very high volatility and the breakthrough of the 5-Star Movement (M5S), which resulted in a hung parliament and a stalemate in the formation of a new government. In the latter, for the first time in Italian history, the incumbent President of the Republic was re-elected for a second seven-year term of office. The result of these two events was Italy's first grand coalition government, led by Enrico Letta and supported by President Napolitano. While the significance of these elections is better assessed in combination with new government's capacity to achieve economic growth and restore confidence in Italian politics, the Italian party system still remains in a state of flux