Italy 's bond yields have passed the dangerous 1.8 % threshold . Bond yields represent investor confidence in a country 's ability to repay its debt . CNN 's Joshua Levs , Hada Messia and Nina dos Santos contributed to this report . Prime Minister Hada Messia announced he will resign following the passage of austerity measures . With a debt pile of at least â‚¬300 billion , France is seen as too big for Europe to bail out .
Italy 's bond yields have passed the dangerous 1.8 % threshold . Bond yields represent investor confidence in a country 's ability to repay its debt . Prime Minister Hada Messia announced he will resign following the passage of austerity measures . With a debt pile of at least â‚¬300 billion , France is seen as too big for Europe to bail out .