Greek current account deficit shrank 38 percent in May

Greece?s May current account gap shrank 38 percent year-on-year to 1.19 billion euros according to data released by the Bank of Greece on Friday, Reuters reported.

According to the data, tourism receipts fell 13.9 percent year-on-year to 752 million euros in May, while in the first five months of the year, tourism receipts declined at an annual pace of 12 percent to 1.48 billion.