Building activity increases by 16.4 pct in October
Budget primary surplus at 1.97 bln in 2017 on strong underspend
Net job hirings balance positive by 15,315 in December
CPI rises by 0.7 pct in Dec for first 12-month positive streak after four years of deflation
Unemployment rate at 20.7 pct in October, previous month revised upwards
Car sales rise by 16.1 pct in December, annual increase reaches 20.8 pct
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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