ECONOMY

Greek current account surplus shrinks in June

greek-current-account-surplus-shrinks-in-june

Greece's current account surplus shrank in June compared with the same month a year earlier, mainly due to a deterioration in the income balance, central bank data showed on Thursday.

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.

[Reuters]