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Business loans drive credit growth of 10.7 pct in Sep
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Corporate deposits propel savings increase to 208 bln in Sep
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Despite recovery in previous three months, building permits down 9.9 pct YoY to July
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Strong VAT, income tax revenue and restrained spending drive strong primary surplus in Sep
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Travel receipts up by 10.5 pct YoY in Aug on back of 7.5 mln arrivals in
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Hiring balance improves by more than 18,000 jobs up to Aug
Commitment to reducing debt front and centre in government fiscal policy
Greece's debt returned to the forefront of public debate last week following the visit of the Finance Minister Kyriakos Pierrakakis to the PDMA and the optimistic outlook he presented on the future prospects and plans to reduce Greece's debt burden.
The most optimistic comment from Pierrakakis was that Greece will not be the most indebted country in Europe by 2029, thanks to a combination of initiatives over the next few years that will bring the debt ratio down to 120 pct of GDP.
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