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• June 19-20 Eurogroup signals readiness to disburse 5th loan tranche to Greece by mid-July; Passing of MTFP in Greek parliament is a key prerequisite for additional EU/IMF funding
• Government broadly expected to survive June 21st confidence vote• New rescue plan for Greece: key parameters to be finalized by early July
• ESM loans issued on behalf of EU sovereigns receiving EU/IMF financial support will not enjoy preferred credit status