In a sign of yet more concern, Spain's bondyield ended Monday's session higher than it was before the weekend's events, with the yield on Spain's 10-year note -- effectively the country's borrowing costs -- posting its biggest one-day jump in a year.
The point is that Italy's bondyield - the implicit interest rate it pays - is unlikely to fall decisively below the catastrophically unaffordable 7% unless and until the eurozone demonstrates that there is a bailout facility (of some sort) that has sufficient resources to lend to Italy if investors refuse to do so.