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Europe's darkest cloud hangs over Italy

From fortune.cnn.com

If borrowing rates in Italy continue to rise, it would need extraordinary help from the European Central Bank to keep its debt market from collapsing -- a move that could destroy the euro. There is so much turmoil in Europe right now, it's hard to know where to focus. Greek voters will determine the fate of their currency on Sunday, and Spanish 10-year bond yields just hit a euro record high of 7%, the ominous level that prompted Greece, Portugal and Ireland to seek costly and humiliating sovereign bailouts. But amid all of this, Europe's biggest problem may actually be Italy. The country is simply too big to bail. ... (full story)

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