On the eve of a major EU summit aimed at saving the euro, anti-German sentiment is on the rise, with many in struggling eurozone countries tired of Berlin's dictates.
Italian prime minister Mario Monti will present a new austerity plan to his country's parliament on Monday.
Stocks advanced strongly as traders await fresh action to solve Europe's debt crisis. Belgian budget agreement and report of IMF help for Italy help ease negative pressure on European stocks.
Rome riots erupted this weekend during a global 'Day of Rage,' a protest denouncing capitalism, inequality and economic crisis. In Rome, protesters torched cars, attacked banks and hurled rocks.
While Italy has a fairly low budget deficit, structural issues such as low productivity have resulted in an economic crisis. Its public debt, at 118 percent of GDP, is one of the highest in Europe.
The killing of Osama bin Laden means that, for the first time in years, there may be a glimmer of light at the end of the tunnel.