Italian Gov. Teeters on New EU Demands

According to the Financial Times of London, the Italian government is on the brink of collapse as Euroland officials attempted to find an agreement to new austerity measures. The Italians and Mr. Berlusconi failed to agree on Italian pension reforms which has led to this impasse. Remember, this isn't for a bailout of Italy's financial woes, this is only to "tide them over"
until they can get their financial house in order.  Hmmmmm, doubt that will happen.

Talks between Italian coalition parties discussing the proposed Euroland reforms went well into the night.  "The government is at risk," said Umberto Bossi, leader of the Northern League. "The situation is difficult, very dangerous. This is a dramatic moment."

Any compromise that doesn't meet with Euroland's desire for more concrete economic reforms will push the Italian government over the brink and into collapse.

Later Mr. Bossi said "If we touch pensions, the people will kill us."

Add to this that Brazil is refusing to purchase Euroland bonds in a "Hail Mary" hope and a prayer from the BRIC's and you can see clearly where
we are all heading.

Yep, no resolution in Greece, Italy teetering on the brink. Spain and France in the wings and like the towers of Babel, they all will come tumbling down under their bankers lies, deception and deceit.

I think that pretty much sums up the situation across Europe and here in the USA.