Here are seven (or so) links at 7AM Eastern.  Good luck out there today.

Italian bond yields are falling.  (FT Alphaville)

The Italian government yield curve has inverted.  (Zero Hedge, Reuters)

What next for Italy?  (FT, WSJ)

The ECB vs. the markets: and the markets blinked first.  (Money Game, Ivanhoff Capital)

Why a “core Euro” would not work.  (Money Game)

Why Italy has lagged the past decade and it rhymes with Berlusconi.  (VoxEU)

Why Germany finds it difficult to do “the right thing.”  (Megan McArdle)

Can the US economy “dodge the fallout” from European woes?  (WSJ also Capital Spectator)

What could the Fed do at this point?  (Tim Duy)

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