1.   Also, minutes after the lira rejoined the ERM, German monetary officials were sounding notes of caution.

2.   Financial markets say the level at which the lira rejoins the ERM is important to the stability of the future single European currency.

3.   Financial markets say the level at which the lira rejoins the ERM is vital to the stability of a future European currency.

4.   Traders are expecting the lira to rejoin the European Monetary System this weekend.

5.   Maccanico said he wants to see the lira rejoin the exchange rate mechanism of the European Monetary System.

6.   Prime Minister Romani Prodi said Friday that Italy wants the lira to rejoin the European exchange rate mechanism as soon as possible.

7.   The financial markets now expect the Italian lira to rejoin the ERM fairly rapidly.