The Italian government is in turmoil again, and that could damage the fragile European recovery.

Poll results in Italy show power is split between a number of parties, including one led by former Italian Prime Minister, Silvio Berlusconi.

The European debt crisis has calmed down a lot in the past few months, but elections in Italy have ended in deadlock and uncertainty is back.

Global stock markets are falling this morning after preliminary election results in Italy indicate no political party won a clear majority in parliament.

Italian media magnate and former Prime Minister Silvio Berlusconi is seeking re-election at the polls this weekend. But will the country take him back or stick with their austerity agenda?