He added that "a hung Parliament would be bad for Britain" despite this apparent political overlap.
Calling for a hung parliament inevitably means that we will have fewer Labour MPs.
Sunday's elections followed an inconclusive May 6 vote that left Greece with a hung Parliament.
"A hung parliament might plunge Italy and the eurozone back into crisis rather sooner, " it said.
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So the range of results likely to produce a hung parliament is now very wide.
And the greater the number of third-party MPs, the greater the chances of a hung parliament.
But in 1992, they were way out, some indicating a Labour overall majority and others a hung Parliament.
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For one, predictions of a hung parliament assume an identical electoral swing towards the Conservatives across all constituencies.
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The motivation for the proposed changes comes from the likelihood of a hung parliament after the elections due next year.
Some 227 new MPs were elected on 6 May, resulting in a hung parliament and a subsequent Conservative-Lib Dem coalition.
All of the dire predictions about what would happen if there was a hung Parliament have proved wide of the mark.
If a hung parliament does materialise, the Lib Dems could be king-makers entering a coalition government with either of the main parties.
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But Mr Hagen reckons, probably rightly, that his party can get more of what it wants by manipulating a hung parliament.
Last month's poll produced a hung parliament, forcing Ms Gillard to seek the backing of independents and Greens to form a government.
"Nobody likes uncertainty and this is true with the UK in particular, given the prospect of a hung parliament, " Mr Jarnefelt says.
In the event of a hung parliament, the Democrats would most likely be forced to negotiate a governing coalition with Mr Monti.
The presence of a hung parliament is in itself an indication that any future government will face problems in implementing decisions and policies.
More than anything, however, Lib Dem morale is being sustained by the real possibility that the next election will result in a hung parliament.
And should a hung parliament emerge from the next general election, the Liberal Democrats, who would form part of any coalition, also oppose expansion.
Tax and health aside, proportional representation grew in importance as a campaign issue as the polls showed a hung parliament was a distinct possibility.
She said the next Speaker would have to deal with "tremendous challenges", including the possibility of a hung Parliament, which would require "delicate" handling.
This means that in the event of a hung parliament after the general election, the Lib Dems would negotiate even-handedly with both Labour and the Tories.
It is not surprising that investors and credit-rating agencies view the prospect of a hung parliament with alarm, fearing that the lack of firm leadership will delay fiscal retrenchment.
"The governing body is a hung parliament and it isn't able to take a view, as the interests of the Premier League, sadly, predominate at the FA, " he added.
He said the session - held to examine how well Whitehall is prepared for the possibility of a hung parliament - had gone "from the sublime to the ridiculous".
In anticipation of the possibility of a hung parliament, sterling has been losing ground in the past week against the dollar and the Japanese yen, falling almost 2% against both currencies.
Even if the outcome is not the Lib Dem nirvana of a hung parliament, with its mythical potential for coalitions and pacts, the party may emerge stronger than the carpers predict.
Mr Clegg has previously intimated that, in the event of a hung parliament, a party which secured the most votes and seats would be entitled to try to form a government.
True, he was helped by Mr Brown's often surreal efforts to ingratiate himself with the Lib Dem leader (his party could, after all, hold the balance of power in a hung parliament).
There are concerns that demand for gilts could decline ahead of the general election, amid worries that a hung parliament could get in the way of forming plans to reduce the country's deficit.
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