Asked whether Merkel would soon want to meet Luigi Di Maio of the Five Star Movement, Seibert stressed that the final result of the vote was still outstanding.
Ridiculous attempts by the left to paint the elections as a battle between neo-Fascism and anti-Fascism essentially blew up in their face, as Italians marched on the polls with a clearer understanding of what was on offer than what political pundits were proposing.
Sunday's election results speak for themselves: the two populist parties (the Five Star Movement and Lega Nord) have won, while the establishment-mainstream parties have been all but wiped out. Plus, the economy has tanked and in 2016, "some 18 million people were at risk for poverty, and unemployment is now at 11%".
Tajani will now have to battle coalition partner Matteo Salvini, leader of the Northern League, for the leadership of the centre-right bloc and to be in a position to be nominated as Italy's next prime minister.
"We will be a pillar of the legislature", said a smiling Alfonso Bonafede, a close ally of Di Maio, told La7.
Led by 31-year-old Luigi Di Maio, it was formed in 2009 and has fed off public fury over institutional corruption and economic hardship.
None of the Italian political forces has received enough votes to ensure a majority in the upper chamber of the parliament - the Senate - and, consequently, to form the country's government, according to the information provided by the Italian Interior Ministry on Monday after ballots were counted at 90 percent of polling stations. It now has about 32.5% of the vote, and somewhere between 216 and 236 seats. The coalition includes Berlusconi's Forza Italia (Go Italy!) party, Matteo Salvini's League party and Giorgia Meloni's Brothers of Italy. In the immediate aftermath of the vote, they still seem incompatible and the PD has said it plans to be in opposition. For now, he excluded the possibility of the Democrats joining any government led by the League or the 5-Stars.
The League got 18 percent and Forza Italia 14 percent.
French far-right leader Marine Le Pen is celebrating the strong showing of the anti-immigrant, euroskeptic League party in Italy's election.
Will give special status to AP if voted to power: Rahul Gandhi
TDP MPs also continued to protest outside the Gandhi Statue in Parliament, where they could be seen chanting "We want justice".
Going forward the exact market reaction would depend on how diluted M5S would be in such a coalition - the softer their stance will become, as they negotiate with other parties, the better for BTPs at least initially. In other words, the League remains potent in its heartland in the North, compared with the Five Star Movement that swept the South.
When the PD took office in 2013, Italy was deep in recession.
The centre-left was hit by widespread anger over persistent poverty, high unemployment and an influx of more than 600,000 migrants over the past four years.
"We will work to modify and remove certain European parameters".
'Equity markets and companies in Italy are used to turmoil so it is unlikely that much changes as a result of the election and the upcoming uncertainty, ' he said.
Macron pointedly said, "Italy has, it's undeniable, suffered for months and months under the pressure of migration." .
German stocks, by contrast, rose amid relief sparked by an agreement for another grand coalition led by Chancellor Angela Merkel. Investors dumped Italian government bonds IT10YT=RR on Monday and the euro was under pressure, while the Milan bourse dipped 0.5%.
For investors, weekend developments in the largest and third-largest euro-zone countries increase the likelihood of European economic policy unification that I discussed recently in a Bloomberg Prophets column, eventually boosting prospects for regional equities, fixed-income assets and alternative investments. Now the country's largest single party, with a startling 32 percent, its leader was until recently calling for a referendum on Italy's membership in the Eurozone. "We are surrounded by freakish politics", he lamented.