The Bank of Greece
OpenCalais Metadata: Ticker
OpenCalais Metadata: LegalName
A significant increase in tourism revenue in the first half of the year has helped narrow Greece's current account deficit, more than offsetting a rise in imports, data published by the Bank of Greece show.
Revenue from tourism in the first six months of 2019 was 5.5 billion euros, up 15.3 percent from the 4.77 billion earned in the same period in 2018.
Bank of Greece Governor Yannis Stournaras on Wednesday disputed the Finance Ministry's projection that there will be an overrun in the year's primary fiscal budget, and expressed his clear opposition to the handouts the government passed on the same day through Parliament and intends to continue introducing.
Greece will achieve a primary surplus of 3.5 pct of gross domestic product this year based on general government fiscal data for the first quarter of 2019, but it will be unable to exceed this target if current trends prevail over the rest of the year, Bank of Greece Governor Yannis Stournaras told the Athens-Macedonian News Agency (ANA-MPA) on Wednesday.
The Greek Parliament will have to decide whether to lift the parliamentary immunity of Alternate Health Minister Pavlos Polakis as the Supreme Court Prosecutor's Office sent to the legislature the file of the judicial probe of whether the minister surreptitiously recorded and leaked to the press his conversation with Bank of Greece Governor Yannis Stournaras.
Bank of Greece Governor Yannis Stournaras today told Athens lower court prosecutor Haralambos Mastrantonakis that he is convinced that Alternate Health Minister Pavlos Polakis surreptiously recorded their conversation when Polakis called him following reports that the Bank of Greece was probing a 100,000 euro loan that the minister was given by Attica Bank.
Testifying before a prosecutor Tuesday, Bank of Greece Governor Yiannis Stournaras is said to have accused Alternate Health Minister Pavlos Polakis of illegally recording a telephone conversation between them.
Stournaras allegedly claimed that Polakis told him, during the conversation on his cell phone, that he was recording the call but had not requested his consent to do so.