t the risk of a euro exit over the next six months has diminished after the 17 June elections, which have produced a viable government coalition. The Troika may only accept moderate adjustments to the second Greek package. Portugal is likely to receive an increased bailout package and is unlikely to defau

ainst the ECB program and further support; a Portuguese default; a Greek euro exit before the end of 2012; or a major external shock. Key dates TBD Troika report on Greece 8 Nov ECB press conference 12 Nov Eurogroup meeting 15 Nov Eurozone GDP 3Q: first estimate 22 Nov Eurozone composite purchasing

pras has reportedly sent a letter to the ECB/EU saying that the election results demonstrate that the terms of the bailout can no longer apply. The Troika has also cancelled its May mission to Greece according to Sueddeutsche Zeitung. EU Commissioner Maria Damanaki has called for an emergency summit on

Evangelos Venizelos says economy to shrink about 5% this year (more than forecast) Greek daily Kerdos reports discussions between government & the Troika broke down (Greece denies) Citigroup analyst Stefan Nedialkov says Greek banks may need to take further Cl6B in impairments U.S. government to su

ce's obligations under the bailout terms agreed between Greece and the 'Troika' (the EU, IMF and ECB). Greece is required by its agreement with the Troika to achieve €19bn in funds raised from its asset portfolio. There is clear potential to achieve and exceed this target. The HRADF is the body respo

in one year or less. Treasury notes, also Tmotes, mature in two to ten years. Treasury bonds, also T-bonds, mature in twenty to thirty years. The Troika consists of the International Monetary Fund (IMF), the European Central Bank (ECB) and the EU Commission. Ungeared operations or investments do not

ed not be repaid by the people of Greece, who didn't incur i=, and have already suffered bitterly so that northern banks can profit. Right now the Troika pretty clearly intends to humiliate Syriza to ensu=e that no one in Europe gets funny ideas about democracy and decides to challenge the rules laid

in one year or less. Treasury notes, also Imotes, mature in two to ten years. Treasury bonds, also T-bonds, mature in twenty to thirty years. The Troika consists of the International Monetary Fund (IMF), the European Central Bank (ECB) and the EU Commission. Ungeared operations or investments do not

need not be repaid by the people of Greece, who didn't incur it, and have already suffered bitterly so that northern banks can profit. Right now the Troika pretty clearly intends to humiliate Syriza to ensure that no one in Europe gets funny ideas about democracy and decides to challenge the rules laid