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Friday, May 24, 2013

Greeces current account deficit contracts to USD1.65b in March CB

(MENAFN) The Bank of Greece announced that the country's current account balance posted a deficit of USD1.65 billion in March from a deficit of USD2.88 billion in 2012's same period, reported Reuters.The central bank added that the figure represents a plunge of 43 percent from a year before.It attributed the declining deficit to deep economic reduction and cost-competitiveness ...

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