Italian welfare minister Elsa fornero sits on the ministers' side as the Prime Minister addresses the senate to present his austerity plan on December 5, 2011 in Rome. Prime Minister Mario Monti presented his draconian austerity plan to parliament and senate on Monday, warning Italy risks a Greek-style "collapse" if it is not adopted, as financial markets cheered the proposals.  AFP PHOTO / VINCENZO PINTO (Photo credit should read VINCENZO PINTO/AFP via Getty Images)