Retail sales fell further in Greece

Greek retail sales decreased significantly in December as a result of the government's austerity measures.

According to the datas of the Greek statistical office; retail sales in December fell by 8.5 percent in amount on an annual basis. Even greater decline occurred in November. The decline was 16.7 percent, while in October retail sales decreased by 18.1 percent and in September by 11.8 percent. (MTI / Reuters)