ECONOMY

Greece returned to large current account deficit in Q4 of 2012, Eurostat shows

Greece returned to a current account deficit in the fourth quarter of 2012 after posting a surplus in the previous quarter, according to figures published by Eurostat on Friday.

Greece had a current account deficit of 2.3 billion euros in the final quarter of last year – the fourth highest in the European Union. In the previous quarter, it had managed a surplus of 3 billion euros.

In the first two quarters of 2012, Greece had current account deficits of 4.8 billion and 1.9 billion euros.