The number of Champions League places allocated to clubs in Serie A will be reduced to just three from the start of the 2012-13 season.
Despite Inter's victory in the competition last year poor performances in general from Italian clubs over the last decade has seen their co-efficient ranking plummet.
Inter, Roma and Milan all lost the home legs of their Champions League knock out ties this month, making the prospect of any Italian team reaching the Quarter-Finals slim to none.
The distance between Italy and Germany in the co-efficient rankings is now too big to recover and in two years' time the team that finishes third in Serie A will have to go through the preliminary stages to reach the Champions League outright.
There are also ramifications for participation in the Europa League, as from 2012-13 the team that finishes sixth in Serie A will stay at home.
tl;dr in 2012/2013 italy will have 3 teams in the cl, 2 in the el. the other spots will go to germany taking them to 4 in the cl and 3 in the el (not 100% sure about the el spot btw but i think that is right).
tl;dr germany is now the 3rd best league behind england and spain
also if you want to look up the coefficients here is a great site