Greece posts current account surplus in August

Greece posted a current account surplus for the second month in a row in August, helped by a shrinking trade deficit, the Bank of Greece said on Monday.

The current account balance showed a surplus of 1.6 billion euros ($2.08 million) from a deficit of 102.8 million euros in the same month last year.

Tourism receipts rose 2.9 percent year-on-year to 2.498 billion euros in August. In the first eight months of the year, tourism receipts declined by 3.4 percent to 7.464 billion euros year-on-year. [Reuters]