The euro region's defenses are being breached.
Investors yesterday propelled Italy's 10-year bond yield to close at a euro-era high of 7.25 percent after the promised exit of Prime Minister Silvio Berlusconi failed to convince them that his country can slash Europe's second-largest debt burden.
The biggest signal yet that the single currency's third-largest economy is falling prey to its two-year debt crisis forces German Chancellor Angela Merkel, European Central Bank President Mario Draghi and their peers to decide just how far they're willing to go to defend the euro.
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