Risotto con Radicchio e Vino Rosso

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3 tablespoons extra-virgin olive oil

2 tablespoons butter

1 medium white onion, diced

1 pound Italian rice

2 1/2 cups vegetable broth

1 large head radicchio, chopped

2 1/2 cups red wine

1/2 cup finely grated fresh Parmigiano

Salt and freshly ground black pepper