Much like Greek premier Papandreou , Berlusconi said he will not resign until the government passes harsh austerity measures recommended by eurozone leaders aimed at trimming Italy 's debt . Italy 's bond yields have passed the dangerous 7 % threshold . Bond yields represent investor confidence in a country 's ability to repay its debt . Prime Minister Silvio Berlusconi says he will resign after the passage of austerity measures . With a debt burden of nearly 2 trillion euros , Italy is seen as too big for Europe to bail out .
Italy 's bond yields have passed the dangerous 7 % threshold . Bond yields represent investor confidence in a country 's ability to repay its debt . Prime Minister Silvio Berlusconi says he will resign after the passage of austerity measures . With a debt burden of nearly 2 trillion euros , Italy is seen as too big for Europe to bail out .