While Greece is hogging the headlines, many experts are keeping a nervous eye on Italy. The European Central Bank’s efforts to buy up Italian bonds doesn’t seem to have reassured the markets. (Italy’s 10-year bond yields are rising, suggesting that investors are increasingly worried abou the country’s ability to repay its debts.) And after the Italian government put together a package of budget reforms Wednesday evening, IMF head Christine Lagarde said that the program “lacked credibility,” and Silvio Berlusconi announced that the IMF would have to send in a team to monitor Italy’s progress.

A few more numbers: Economists are now forecasting a longer, deeper eurozone recession, and Tim Duy spots some red flags in Europe.