Under the thumb?

Brussels hegemony extends its tentacles.  According to Reuters:

Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long delayed reforms of pensions, labor markets and privatization, senior EU sources said on Friday.  Prime Minister Silvio Berlusconi, his government close to collapse after more loyalists defected on Thursday, agreed to the step in late-night talks with euro zone leaders and U.S. President Barack Obama on the sidelines of a G20 summit in Cannes, France.

Thus do the gauleiters of the Commission impose their will on a once independent nation.  Where will it stop?