Greece will be pleased to be out of the spotlight as focus switches to Italy. Interest rates on Italian Bonds have risen above 7% with the finance markets becomingly increasingly concerned about Italy's ability to repay its debt. This level is the same as that which caused Ireland and Portugal to go looking for help. As the Eurozone's third largest economy, a troubled Italy is much more significant than the other Eurozone economies that have so far sought assistance. The ability of the Eurozone to absorb an Italian default is far more questionable.