Latest macro & market developments (October 18, 2011) | Eurobank
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Latest macro & market developments (October 18, 2011)

Troika inspectors concluded 5th programme review; important hurdles still remain ahead of next loan tranche disbursement .Government faces a number of key votes in Parliament in the days/weeks ahead.Next Eurogroup likely to give green light for the disbursement of 6th EU/IMF loan tranche .Year-to-September State budget deficit undershoots respective MTFS target .General Government arrears reach 6.51bn or 2.8 of GDP in January-August 2011, posing risks to the full-year budget deficit target.