Europe Economy

Italy's Bersani Says Bid to Form Government Over, New Phase Begins

Pier Luigi Bersani, leader of Italy's Democratic Party
Alessia Pierdomenico | Bloomberg | Getty Images

Italy's center-left leader Pier Luigi Bersani said on Tuesday his bid to form a government after last month's deadlocked election was over and a new phase had begun, after his failure to gather enough support to win a confidence vote.

"My task has been ended in this new phase," Bersani told reporters, after President Giorgio Napolitano summoned a special group of 10 "wise men" to propose a basic set of reforms to be backed by all parties.

Party officials had previously refused to concede that Bersani's bid to form a government was definitively over.