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Energy drives import price drop of 2.1 pct YoY in July
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Wages grew by 8.7 pct YoY in Q2 thanks to strong seasonal hires
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Car sales record modest rise in August, up 3.3 pct YoY in 8M
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Electricity drags industrial production down by 0.5 pct YoY in July
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August CPI moderates sligthly to 2.9 pct YoY, rents climb by 10.9 pct
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Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
Debt position provides protection against global turbulence
The eurozone sovereign debt markets experienced turbulence last week due to a number of interrelated factors. It is precisely for this type of situation that, as we have previously highlighted, Greece's debt profile has several mitigating factors aimed at helping it avoid any unwanted attention from the markets.
Over the past week, yields in eurozone bond markets have risen, with the Greek 10-year benchmark yield trading in the region of 3.7 pct, up from 3.2 pct at the end of last month and 2.8 pct at the end of last year.
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