Tourist spending drives Greek growth

Tourist spending drives Greek growth

Strong spending by foreign visitors widened Greece’s current account surplus in July, confirming expectations that a bumper tourism season will help ease the debt-laden country’s recession this year. With domestic demand, investment and industrial output suffering amid an austerity-driven slump, spending by foreign visitors…

House price falls worsen in Greece and Spain

House price falls worsen in Greece and Spainhttp://www.olympusestate.com/wp-content/uploads/2013/10/crete_house.jpghttp://www.olympusestate.com/wp-content/uploads/2013/10/crete_house.jpghttp://www.olympusestate.com/wp-content/uploads/2013/10/crete_house.jpg

A world league table of property markets has shown values are falling fastest in southern Europe, as a recovery gathered pace in major markets across the globe. Prices in Greece, where the economy has been crippled by the weight of government debt and by…