Italy election: Nation in 'dramatic situation'
26 February 2013 Last updated at 22:43 GMT
Centre-left leader Pier Luigi Bersani says Italy is in a "dramatic situation" after election results that leave the country in political stalemate.
Stock markets and the euro have fallen amid concerns the deadlock could re-ignite the eurozone debt crisis.
But Mr Bersani, whose coalition won most seats in parliament, did not identify a preferred partner in government.
Gavin Hewitt reports from Rome.