June cur­rent ac­count sur­plus slides de­spite higher tourism rev­enues

Kathimerini English - - Focus -

in rev­enues from tourism, in­clud­ing from is­lands such as Leros (pic­tured), Greece’s cur­rent ac­count sur­plus shrank in June com­pared with the same month a year ear­lier. The de­cline was mainly due to a de­te­ri­o­ra­tion in the in­come bal­ance, Bank of Greece sta­tis­tics showed yesterday. The sur­plus stood at 1.0 bil­lion eu­ros ver­sus 1.25 bil­lion eu­ros in June 2014. Tourism rev­enues rose to 1.91 bil­lion eu­ros from 1.89 bil­lion eu­ros in the same month last year. Last year Greece posted a cur­rent ac­count sur­plus of 1.66 bil­lion eu­ros, up from 1.09 bil­lion eu­ros in 2013, helped by higher tourism rev­enues – its big­gest for­eign cur­rency earner.

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