Greek credit contraction accelerated in October, data shows

The annual pace of credit contraction in Greece accelerated in October, to 1.2 percent from 0.9 percent in September, central bank data showed on Wednesday.

Credit to the government expanded by 1.9 percent year-on-year in October, the Bank of Greece said in a report. Lending to businesses and households dropped 2.2 percent, the same pace as in September. [Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.