Italy Is Getting Pasted Again - Still No Progress On Forming A Government

Italy -- which you must remember has the largest stock of outstanding government debt in the Eurozone -- is getting pasted again.

Yields are ticking higher, and the stock market is off over 1.3%.

Key developments of the weekend: As SocGen's Kit Juckes notes in his morning note, there's been no progress in forming a government.

Still each party says that they won't work with each other. There were some headlines over the weekend about the prospect of new election soon.

Here's a snapshot of Italy's FTSE MIB stock index.