The New York Times summed it up nicely in a long analytical piece over the weekend:

The Associated Press covered the Friday development that accelerated the crisis -- the resignation of Telecom Italia Chairman Guido Rossi:

MarketWatch reports that the developments have Italian Prime Minister Romano Prodi "very worried." No reports on whether his worst fear is that after losing the national telephone company, he'll be forced to sign up for service from Vonage Holdings Corp. (NYSE: VG).

— R. Scott Raynovich, Editor in Chief, Light Reading