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 announced he will resign following the passage of austerity measures . With a debt pile of nearly 2 trillion euros , Italy is seen as too big for Europe to bail out .