• Italy will be looking to raise around EUR8 billion of 5yr-10yr money in the bond market
  • Greece and the IIF continue negotiations (although press reports suggest a deal is nearly done)
  • If deal on PSI is reached, look for ECB to perhaps also take a haircut!
  • Suggestion that Greece cede control over its own budget in return for EUR130 billion bail-out is also likely to generate much heated debate