This chapter examines the coalition-bargaining process that took place after the 2013 elections. Using a hand-coding technique, we analyzed the parliamentary speeches released by parties, first in April, during the investiture debate of the Letta I Cabinet, and again in December, during the confidence vote on the Letta II Cabinet. In mapping the policy position of Italian parties along the two most salient dimensions, that is, the economy and institutional reforms, we were able to assess theoretically the stability of the Letta cabinet(s). The lack of a “core party” and the wide policy distance between the two main partners of the coalition suggested the strong instability of the Letta I Cabinet, which ultimately led to the formation of a different government after the split of the PdL. This new Letta cabinet, however, was expected to be characterized by a strong instability as well.