Will the EU trigger the 'emergency stability mechanism' for Italy's bond market before the ECB meeting?

Italy's 10-year bond yield has surged past the critical 7% 'danger zone,' threatening a sovereign debt spiral. The European Stability Mechanism (ESM) treaty allows for rapid intervention. EU finance ministers are in an emergency video conference. Activation would be a massive bailout signal, potentially calming markets but testing EU solidarity under extreme stress.