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Yahoo News Article


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The crisis in Europe /European Central Bank/IMF

A good article for the possible direction Europe is heading. Especially if like me, you hope that the Iraqi Dinar ordeal is tied to the financial restructuring of the world.

ROME/ATHENS (Reuters) - Italy's parliament was set to approve austerity measures on Saturday, triggering the formation of an emergency government to replace that of Prime Minister Silvio Berlusconi, and meeting European Union demands to avert a euro zone meltdown.

After months of dither and delay, Rome appears to have got the message as bond markets pushed it to the brink of needing a bailout that the euro zone cannot afford.

President Giorgio Napolitano and Italian lawmakers have put the process on a fast track: the Chamber of Deputies was due to start debating at 1130 GMT (6:30 a.m. EST) and final approval of the cuts by the lower house marks the Berlusconi government's final act.

MORE:

http://news.yahoo.co...-005629702.html

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