Italian election: Will it be a hung parliament?

Italy goes to election on Sunday and Monday with no clear indication of a definite outcome. So, will Italy go the Greece way; will it need a second election, what impact will that have on the Euro Zone and of course on global markets?

Euro looks weak ahead of polls in Italy: StanChart

In an interview to CNBC-TV18, Alessandro Mercuri, Interest Rate Strategist at Lloyds Banking Group shared his outlook on Italy's election.

Further Mercuri said that there is a degree of uncertainty because of two weeks blackout period for opinion polls.

Outcome of Italy election deeply uncertain

"Most of the markets are working on the assumption that the coalition led by Pier Luigi Bersani with participation of Mario Monti will be formed after the election. There is also a possibility of a hung parliament," he added.