However, we are conscious that this is only the first step towards our ultimate goal of full access to the capital markets. 11.10 And details of that negotiation in Athens are emerging. Evangelos Venizelos, the head of Pasok, which is part of the coalition government, wants an extra three years of the aid program. 11.03 Also meeting the troika in Athens will be new finance minister Yannis Stournaras, who was only sworn-in this morning. The pressure is on: Greece will run out of cash within weeks if it fails to secure the next €31.5bn instalment. Yannis Stournaras 10.57 The new Greek PM Antonis Samaras will meet troika auditors today, hoping to renegotiate the terms of the country's bailout. Daily paper Eleftheros Typos spoke of Samaras' first "arm-wrestling match" with the troika in what promised to be a "renegotiation marathon." Antonis Samaras 10.11 Spain sold £3bn worth of bonds this morning, with mostly higher yields. The Spanish Treasury paid 6.43pc on 10-year debt, up from 6.04pc at the last comparable sale. Nicholas Spiro, managing director of Spiro Sovereign Strategy, says: While there is a renewed deterioration in sentiment towards Spain and Italy, yields still remain significantly lower after last week's EU summit deal. Concession-building notwithstanding, the Treasury was hoping to benefit from the slightly more positive tone in risk markets, and it did to a degree. While the Treasury managed to get all its debt out the door, yield levels were a mixed bag, with the yield on the 10-year note rising significantly and pretty much on a par with secondary market levels. Last week's summit deal to use the eurozone's rescue funds to recapitalise banks directly was designed to allay fears regarding Spain's bail-out. Yet these concerns persist, partly because the decision is conditional on the creation of a eurozone-wide banking regulator which is likely to face significant delays. For the time being, the Spanish sovereign will have to shoulder the burden of the bail-out loans, putting more pressure on Spain's creditworthiness. 09.45 Cyprus - which this week takes over the EU presidency from Denmark - sees "nothing wrong" in taking two bailouts: one from Russia and one from the EU/IMF. Cypriot President Demetris Christofias says: Yes, we've asked Russia and the EU at the same time. We expect a positive reply [from Russia]. Perhaps the EU terms will be harsher than the Russian republic. 09.24 Policy Exchange has tweeted a picture of Roger Bootle accepting his Wolfson Prize for Economics. You can read the winning entry in full online. 09.16 It seems that our own Roger Bootle has won the Wolfson Prize for Economics. We'll bring you more on that as it comes in. Lord Wolfson, speaking at the announcement, said that the entries could prove to be useful soon: