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.