Prime Minister Silvio Berlusconi´s government fall close to collapse after more loyalists defected on Thursday. And with this one old playboy they have agreed to the step in late-night talks, with euro zone leaders and U.S. president on the sidelines of a G20 summit in Cannes, France. We need to make sure there is credibility with Italy's targets -- that it is going to meet them. We decided to have the IMF involved on the monitoring, using their own methodology, and the Italians say they can live with that,one EU source said to Reuter.
They can live with that!
I've been waiting for strong action as well as leadership, I look forward to the leadership by EU decision-makers.
Now Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF, and according to Reuters the EU monitor its progress with long delayed reforms of pensions, labor markets and privatization.
But now that Italy is under the guardianship of, it would be possible to intervene in this country derived from organized crime as well as corruption.
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