The economic crisis and the resulting credit crunch are leading to a major shift in the growth model pursued by banks, relying more on loans to corporations.

Retail sales were lower during the second week of the summer discounts compared to the first week of the season, according to a Greek commerce confederation ESEE survey.

Russia may impose food import restrictions, including on fruit imports from Greece, responding to new Western sanctions over Moscow's support of rebels in Ukraine. The country has already announced several food import bans following Western sanctions.