Despite a generalized sigh of relief, concerns remain that this year's Italian political debacle is not yet over. The newly re-elected President Giorgio Napolitano, 87, speaking with breaking voice, warned of the risks the country continues to run. In his address to the Parliament after his swearing in Monday, he called for talks to begin immediately for creation of a new government following two months of impasse since a national general election brought three warring parties into what could become a "fatal deadlock," in Napolitano's words. Implicitly warning that new elections will be the result of failed negotiations for a new government, he also admonished the political leaders of the risk of "ungovernability, at least for this legislature." The concerns go beyond Italy itself. As European leaders point out, a politically and economically weak Italy is of generalized concern because unable to act as a counterpoise within Europe to German power. Negotiations began Tuesday.