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Drop in Greek account deficit

In a report, the country's central bank said that in May 2014 the current account balance showed a deficit of 246 million euros, against a 70 million surplus in May 2013, as a result of a rise in the deficits of mainly the trade balance and also the income account balance, as well as a year-on-year shift of the current transfers balance from surplus to deficit.

  • Published in Economy

Civil servants down by a quarter million

The number of civil servants dropped by over 267,095, in the period 2009-2013, from 952,625 in 2009 to 675,530 in 2013. The outflows are due to retirement, but mainly due to the dramatic reduction in contract employees, whose contracts were no longer updated.

  • Published in Greece

Prior actionc top priorities at FinMin

According to sources, Hardouvelis reiterated each ministry’s obligations in relation to the second package of prior actions as well as the main of the about 600 memorandum actions that have been pending since spring.

  • Published in Economy
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