Spanish Foreign Minister Jose Manuel Garcia-Margallo said on Tuesday, Feb 26, that the results of the election in Italy, which ended in a deadlock, were extremely worrying and affected the whole euro zone, according to Reuters.

Garcia-Margallo said there was a feeling of extreme concern over possible movements in bond spreads, as a reaction to the results.

"This is a jump to nowhere that does not bode well either for Italy or for Europe," Garcia-Margallo told journalists on the sidelines of a conference in Madrid.