They are mostly talk because the EU has little actual power. Giving debt relief to Italy has to be decided by head of states. I'm pretty certain that there's a

They are mostly talk because the EU has little actual power. Giving debt relief to Italy has to be decided by head of states. I'm pretty certain that there's a lot of public support across the EU to help Italy if they need to. If Italy cannot refinance, issuing debt backed by several countries would be an easy option. You wouldn't even need support by all EU countries, Germany, Netherlands, Belgium and France backing it would be more than enough. And those would certainly be sympathetic to do that, a collapsing Euro would hit all of those states harder. But so far, debt markets are still open and there's no reason to panic. Therefore governments focus on more pressing problems for now.