In yet another bad development in the eurozone debt crisis, Italy saw its borrowing costs skyrocket. And now a British regulator has called on U.K. banks to prepare for the possible disintegration of the euro.
The country that's considered the strongest in the eurozone had a hard time convincing investors to lay down cash for its debt today, which means the troubles going on in Europe could be entering a new phase.
With only days to go before a deadline to come up with a plan to settle the European sovereign debt crisis, the main players are still a long way from accord