Overnight, the Greek parliament approved a package of austerity measures and structural reforms. As expected, it was a narrow vote (153 votes for to 128 against and 18 abstentions). Provided that the Greek parliament accepts the 2013 budget in Sunday’s vote, the Eurogroup is expected to approve the next €31.5B aid tranche on Monday. Agreement on cutting the interest rates cuts on the bailout loans are also already possible. We hold on to our view that overcoming Greece’s liquidity problems can be a positive for now, but the short term fixes they are expected to provide to bridge the funding gap is more of the “kicking the can down the road” recipe which means Greece isn’t going to disappear from the radar.