International stocks fell sharply Monday on worries that Europe's debt crisis will worsen and possibly spread globally.

Italy is one of the eurozone countries with the biggest debt problems.

Italian leaders are vowing to find ways to cut spending and balance their budget by the year 2013. But they haven't said how they'll accomplish it.
    
Analysts are worried that Italy could fail to make its payments and fall into a serious crisis.
    
The European Union would then be obliged to bail Italy out. But it may not have the financial resources to do so.