Latest macro & market developments - July 10, 2011
Greece Focus Notes
10 July 2011
• 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