It is now game over for Italy and the Eurozone, as Italian bond yields have breached 7% (a level viewed as economically unsustainable).
Can the Eurozone bailout Italy?
No, there is not enough money in the "kitty".
Emperor Berlusconi's excesses have managed to do what many a Eurosceptic has only ever dreamed of, namely destroy the Eurozone.
To follow the latest updates from Italy and Berlusconi's antics read "Veni Vidi Vici".