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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
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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