Banks throughout the region also sold off on worries over their exposure to sovereign debt — iShares MSCI Europe Financials (NasdaqGM: EUFN) fell 5%.

The euro weakened against the dollar Monday. CurrencyShares Euro Trust (NYSEArca: FXE) dropped nearly 2%. [Euro ETFs Dive]

iShares MSCI Italy

PowerShares DB Italian Treasury Bond Futures ETN


Chart source: StockCharts.com.