Travel balance rises by 73.5 pct in Nov, 9.7 pct in aggregate period
December hirings balance positive by 5,970 with annual balance for 2018 up by 141,003 places
November current account deficit at 1.41 bln as import value outstrips exports
Industrial turnover rises by 7 pct in November
Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
Building permits rise by 23.8 pct in Oct, up by 10.9 pct in first 10 months
Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
Speaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year.
Stournaras stressed that if Greek debt is deemed unsustainable, then the anticipated market access in 2018 will not be feasible, adding that discussions on debt relief measures “should start now and be concluded as soon as possible.”
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