GREEK BALANCE OF PAYMENTS IN THE BLACK FOR MAY

The Greek balance of payments showed a 250 million euro surplus for May according to Athens’ Central Bank. Direct aid received by the country that experienced a serious debt crisis that shook European stock markets helped this data within the framework of the European Union’s Common Agricultural Policy. The trade deficit also improved falling by 191 million to 2.24 billion, oil excluded, while the services sector showed a surplus that rose by 92 million to 1.14 billion euros. There is instead concern about the tourist sector which is essential for the Greek economy and instead fell by 95 million.