"Greek Flu" Hits Italy

Italian PM Berlusconi (right)
Photo credit: Wikipedia

Here are the links to the videos I showed in class today regarding the Italian debt crisis, which is of course linked to the larger Eurozone Crisis:

• Why is Italy in trouble?
• Italian PM Silvio Berlusconi pledges to step down

So far, the markets seem pessimistic about Italy's capacity to roll over the ~$500 billion in debt that comes due next year. The Dow 30 is down pretty much across the board.