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• 5th EU/IMF loan tranche for Greece approved
• July 11 Eurogroup: Main parameters of the new rescue plan for Greece to dominate the agenda• Sovereign liability settlements in July-August 2011• French-backed proposal for rolling over private-sector exposures to Greek sovereign debt: Main futures and rating implications• Key hurdles that need to be overcome in the way to a new bailout deal for Greece
• EC/ECB/IMF 4th programme review: Focus needs to shift to reforms implementation and privatizations agenda