Italian Minister for Simplification Roberto Calderoli, center, talks to Welfare Minister Maurizio Sacconi, left, as Economic Development Minister Paolo Romani checks his cell phone during a press ... more 
Italian Minister for Simplification Roberto Calderoli, center, talks to Welfare Minister Maurizio Sacconi, left, as Economic Development Minister Paolo Romani checks his cell phone during a press conference attended by Italian Premier Silvio Berlusconi and Finance Minister Giulio Tremonti, not seen, during a press conference at the end of a Cabinet Ministers meeting on the approval of the new austerity measures, in Rome, Friday, Aug. 12, 2011. Italy's government has approved €45 billion ($64.12 billion) in cuts over the next two years to balance the budget by 2013 to meet demands of European Central Bank. (AP Photo/Riccardo De Luca) less 
1 / 26
Associated Press | Photo By Riccardo De Luca
Fri, Aug 12, 2011 4:27 PM EDT