Business Insider
November 8, 2011
Bond yields are spiking, the government is on the verge of collapse, and public debt is out of control with no signs of returning to sustainability.
Frighteningly, this description applies to both Greece and Italy.
More and more signs are emerging that Italy might be the next country to crack under the weight of its sovereign debt.
But with the eurozone's third-largest economy, Italy—unlike Greece—is just too big to fail.
With Greece seemingly under control for the moment, attention is turning back to Rome and the unpopular reforms it will need to implement to keep its economy afloat.
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