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Roll up, roll up! More fun and frolics is guaranteed!

Italy faces political paralysis as near-complete results in crucial national elections have shown that no group won enough votes to form a government.

The uncertainty bodes ill for the nation’s efforts to pass the tough reforms it needs to snuff out its economic crisis and prevent a new round of global financial turmoil…

Blah, blah, more gloom.  Boo!

“This is the worst possible outcome from the market’s point of view … It seems inevitable that there will be a new election,” said Alessandro Tentori, Citigroup head of global rates.

Not all bad, then.

And introducing, that irrepressible comedian some have compared to a less conciliatory George Carlin, Mr. Beppe Grillo!

The result was an extraordinary success for Genoese comic Beppe Grillo, leader of the populist 5-Star Movement, who toured the country in his first national election campaign hurling obscenity-laced insults against a discredited political class.

He was set to become the biggest single party in the lower house, riding a potent wave of anger against rampant waste and corruption by ageing political leaders.

And of course, Silvio, our favorite “man of action” is back! (Gentlemen, lock up your daughters!)

Billionaire media magnate Berlusconi, 76, who staged an extraordinary comeback from sex and corruption scandals since diving into the campaign in December, came in a close second in the Senate race, with an estimated 117 seats.