MARKET TALK: Greek Implementation Risks Remain -BarCap

Greece's new EUR130B loan deal should reduce risk of a disorderly default "for at least a few quarters," says Barclays Capital, however it adds implementation risks remain. "We still see an elevated risk of the new programme going off track in the quarters ahead," BarCap says. "The euro area will continue reinforcing firewalls to prepare for the possibility of a disorderly default and potential euro area exit." Also flags "near-term risk" of early elections and rise of political opposition.