1.   As Italian political concerns waned, the lira rallied against the mark, hauling other European currencies up with it.

2.   Lira rallies.

3.   In London, the lira rallied from initial weakness.

4.   But the lira rallied to get back to around its Monday evening levels.

5.   The decree was later withdrawn and the lira rallied.

6.   The lira rallied, despite a possible resignation by prime minister Silvio Berlusconi, who demanded new elections if he loses a confidence vote in parliament.