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Greek tourism shows robust growth in early season

Greek tourism shows robust growth in early season

ATHENS: Early figures on tourism, a vital source of money for heavily indebted Greece, indicate that the south-eastern European country is cashing in on warm summer weather.

Tourism revenue in June was €2bn ($2.35bn), up 14.2% versus the same month a year earlier, central bank figures released on Tuesday showed.

Greece had forecast a second consecutive record tourist year in 2017, expecting 30mn visitors, up from the previous record of 27.5mn set in 2016.

The country, now in a third bailout programme since 2010, desperately needs a cash injection, with tourism providing around one-fifth of its gross domestic product.