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Travel receipts maintain momentum in May with 17.7 pct YoY rise
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Significantly improved oil balance pushes current account to 196.5 mln surplus in May
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
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Energy drives drop of 4.2 pct YoY in import prices drop for June
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Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
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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