With the Greek crisis coming to a head this week, traders in Europe have started to worry about the fiscal health of other eurozone members. Now the worry has moved up the scale to one of the core eurozone members: Italy. A sovereign default in the world's third-largest public debt market would be catastrophic. While such a default doesn't appear imminent, there is growing fear on European trading desks that a default may occur sometime down the road -- set off primarily by troubles in the nation's banking sector. Traders are scrambling to hedge their exposure to the country and its banks just in case the unthinkable ... (full story)