URGENT ¥¥¥ Leftist leader says Italy faces 'dramatic situation'

Italian centre-left leader Pier Luigi Bersani said on Tuesday he was aware of the "dramatic situation" the country faces after an inconclusive election that has spooked Europe.

"We are aware that we are in a dramatic situation, we are aware of the risks that Italy faces," Bersani said in his first speech since the elections on Sunday and Monday.