By examining the performance of an Italy-tracking ETF and observing Italian 10-year yields, investors are likely to conclude that Europe’s sovereign debt crisis is far from over, according to an article on Seeking Alpha.

If Italian yields continue to remain above 7 percent, the government may be in need of a bailout, according to Gary Gordon, blogger for Seeking Alpha.

The article highlights an equities ETF, the iShares MSCI Italy Index Fund (NYSEArca: EWI), as well as the PowerShares DB Italian Treasury Bond Futures ETN (NYSEArca: ITLY).

Both ETFs are below their 50-day trend lines, leading some to believe the sovereign debt crisis isn’t over yet, Gordon said in the article.

To view Gordon’s full perspective, visit SeekingAlpha.com.