Another vote to be held in the Greek Parliament on Wednesday

Greece received its EUR7.2bn bridge loan in time to repay the ECB (EUR3.5bn of maturing SMP bond) and arrears to the IMF. Greek banks also reopened for the first time in three weeks although strict capital controls are still in place (withdrawals limited to EUR420/week and international transfers are still banned). 

The next event is another vote in the Greek Parliament on Wednesday (on civil procedures and the bank resolution directive). The Greek side is still working on a moratorium for repossessing primary residences. Meanwhile, legislation on pension reform and taxation of farmers was left off the list of measures for this Wednesday (originally they were included) although a European official says that these were always due to be voted on in the next package of measures in early August.