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Photo via Flickr CPI resumes upward trajectory in July, food inflation at 12.3 pct

Greece’s Consumer Price Index (CPI) went back above the ECB’s target of 2 pct in July, with a reading of 2.5 percent year-on-year (YoY), after growing by 1.8 percent in June, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).

Stress tests not proving stressful for Greek banks any longer

The EBA announced at the end of last month the results of the EU-wide stress tests for 2023, which confirmed that the Greek banking sector has left behind the tumultuous period that followed the debt crisis when the exercise was usually a source of concern that unearthed capital shortcomings.

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