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and stock markets react as well. european stocks closing down on grave concerns on what s happening on the euro zone and whether italy will be able to pay its bills. and stresses that we re seeing in the italian bond market. when you talk about stocks, stocks are much smaller than the overall bond market. the bond market is where governments, companies go to borrow money to keep going. the cost to borrow for governments, governments in trouble, has been rising. you have that above 7% now. 7.3% for italy to borrow money. that s even with the european central bank buying italian bonds and with europe doing things to stabilize things. 7% is seen as a dangerous signal, fredricka. when you ve seen rates climb that high before, it s triggered a bailout. how can you bail out italy? it s the third largest bond market and economy in europe. look at greece, for example, 27% the interest rates on greece bonds. greece can barely can t borrow money, quite frankly, anymore, because of it

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