by Calculated Risk on 11/14/2011 01:24:00 PM

The Italian 10 year bond yield is up to 6.7%.

And keep an eye on Spain ... The Spanish 10 year bond yield has increased to 6.1%. The Spanish 2 year yield is up to 5.0%

From Bloomberg: Merkel’s CDU Delegates at Party Gathering Support Allowing Exits From Euro

“We’re not throwing anybody out,” Finance Minister Wolfgang Schaeuble said in an interview from Leipzig with broadcaster Phoenix. “We want Greece to stay in, that everybody stays in,” he said. “But if a country can’t carry the burden or doesn’t want to carry the burden, and the Greek people have to carry a heavy load, then we have to respect the country’s decision.”

Earlier today, the Greek New Democracy opposition leader Antonis Samaras was quoted as saying his party would not vote for any austerity measures, and he would not sign any letter pledging a commitment to austerity measures. If so, Greece will probably be leaving the euro sooner rather than later.