Napolitano re-elected Italian President

FXstreet.com (Barcelona) - After the back and forth from the last few days, Italian politicians finally came to realize that amid the constant failures to elect a new President, the most sensible solution would be to re-elect the current one.

That is exactly what transpired over the weekend, when the 87 year old Italian President Mr. Napolitano was confirmed to serve again as President. Napolitano, will, if manages to serves out his term, reach the age of 95 when the next term ends.

As reported by the Independent UK: "After the weeks of stalemate, Napolitano can formally begin one of the head of state's most important tasks once he takes a new oath of office. He must figure out who has the best prospects of putting together a new government, with enough support to successfully work with Parliament and survive a mandatory vote of confidence."