July travel surplus of 2.14 bln affirms comeback for tourism sector
Rise in wages index slows to 2.5 pct in Q2 but hits six successive quarters of growth
Current account turns surplus in July as travel steps up
RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln
Spurred by rising employment, Q2 unemployment drops to 10-year low of 15.8 pct
Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
PBO warns of recovery risks, fourth bailout and possible default
In its quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged for a swift conclusion of the programme review and implementation of the necessary reforms, which could lead to a sustainable economic recovery.
The PBO notes that if the memorandum of understanding is implemented, Greece will be able to get out of the current deadlock. However, it raises a number of concerns about the process.
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