'Hard life looms for Italy with austerity in air'. (VIDEO)

The Italian "Sweet Life" Is Not So Sweet Anymore (VIDEO)


Italy's looking for a way out of its election limbo after a hung parliament put Europe on tenterhooks and raised fears of fresh financial turmoil.

No parties won a parliamentary majority and the results showed Italian voters strongly reject the austerity policies of Mario Monti's government.

Investment adviser Patrick Young talks to RT.