GREEK consumer prices fell further still last month, down two per cent from
Economists had originally predicting a fall of 1.9 per cent, but the pace of the decline in prices has slowed from November's steeper 2.9 per cent drop.
However, the IMF also noted "a mountain of bad loans" for the country's banks, and a less urgent attitude to reform in
Elsewhere in the Eurozone, the Italian government announced a significant increase in industrial production between March and April, with a 0.7 per cent jump. Output for the sector rose by 1.6 per cent year-on-year.
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