Greece's current account balance showed a smaller surplus in June compared to the same month a year earlier on the back of a wider trade deficit, the Bank of Greece said.
A currency swap agreement between the Turkish and Qatari central banks will have an overall limit of $3 billion, the Turkish central bank said in a statement.
The European Commissioner for Economic and Financial Affairs said he hoped Greece would make further economic progress and undertake social reforms, after Greece’s exit from its final, three-year bailout program.
Turkey’s currency crisis poses an additional risk to Germany’s economy on top of trade frictions with the United States and the possibility of Britain leaving the European Union without a deal, the German finance ministry said.
Amid ongoing controversy over the back series GDP figures showing better economic performance during the UPA regime, the MoSPI said "these are not official estimates" and the data will be released officially later.
“If we backtrack on what we have agreed, now or in the future, the markets will abandon us and we will not be able to refinance maturing loans on sustainable-debt terms,” Bank of Greece Governor Yannis Stournaras.
"Overall, we expect the current account deficit to widen to 2.8 per cent of GDP in FY19 from 1.9 per cent in FY18," the Japanese financial services major said.
Niti Aayog attributed the high growth achieved during the UPA government to untenable fiscal deficit and reckless expansion of bank credit that led to dramatic economic collapse.
“This country has plenty of human and natural resources that can rely on.”