If Spain goes under, Italy will come under even more scrutiny.
Growth in any individual European country has to be the result of policies for growth pursued in that country consistent with budgetary discipline.
Europe has to avoid old prejudices and new ones. That means north versus south, rich versus poor.
Italy needed structural reforms to become more competitive.
Italy even in the future will not need aid from the European Financial Stability Fund.
I believe that reforms will not really take hold if they do not gradually come into the culture of the people.