Greek official payments deficit is stable in April

Greece, fighting on all fronts to stabilise its economy, held a deficit on its current payments account steady in April, official data showed on Wednesday.
Greece has received huge inflows of financial support to enable it to avert insolvency and obtain a breathing space while it fights overspending and a debt mountain.
The current account measures all current payments into and out of a country, and is watched as a fundamental indicator of the long-term capacity of a nation to pay its way in the world.
The current account registers such items as payments for imports and exports, for investment flows, income and debt interest, and repatriated earnings and wages.
The Greek current account deficit remained stable at just over 2.95 billion euros (3.6 billion dollars) in April compared with the figure for April last year, the Bank of Greece said.