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The Eurozone via EFSF has agreed on..........>

GREECE
GREECE: The Eurozone via EFSF has agreed on EUR748mln of post-bailout debt
relief for Greece. According to an ESM/EFSF statement, this includes
EUR103.64mln in reduction of the step-up margin accrued by Greece for the year
to June 17th, as well as a transfer from the ESM of EUR644.42 million,
equivalent to the income earned on SMP/ANFA holdings.
- Spread of 10-Yr Greek bonds vs Bunds down 3.4bps at 154.5bps, which would be
the tightest closing level since late February.

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