• Greece won’t be a major topic at the Mexico G20 meeting but will probably be discussed on the sidelines
• Many unanswered questions remain between Greece and the troika
• Near agreement however on the fiscal gap in Greece’s 2nd aid package of Eur 13.5 bln
• No agreement yet on financing issues, debt levels and conditions
• Content is more important than timeframe
• Greece can’t regain long-term investment without a long-term outlook