Greek Current Account Excess Dips

August 20, 2015
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Greece's current account excess dipped in June, in comparison with June of 2014.

The decline is attributed to the nation's income balance downturn, as revealed today by central bank information. The country's surplus held 1.0 billion euros this June, compared to 1.25 billion euros last year. Revenues sourced from tourism increased to 1.91 billion euros in June, while last June's figure held 1.89 billion euros.

In 2014, Greece confirmed 1.66 billion euros in an account surplus, marking an increase from 2013's 1.09 billion euro figure. This was attributed to larger tourism profits, that serves as the nation's greatest foreign currency generator.

(Source: Reuters)

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