…Reinhart, CarmenM. and Kenneth S. Rogoff, "From Financial Sou ce: IMF, Eurostat, National Inst. of Statistics, J.P. Morgan Private 8ank Crash to Debt Crisis,' NBER Wo tiringPaper15795,March 2010. in both cases bond yields stabilize at 5-6%, GDP deflatcrof roughly0.6%. The bottom line is that the only entity in the world with the firepower to save Italy in the short term is the European Central Bank. If you remember the little plastic men exhibit from Labor Day…