Greece's economic confidence at 15 month high - think tank

Greece’s economic sentiment index hit a 15 month high in December, in line with a spike across Europe, an influential Greek think tank said Monday.

The Foundation for Economic Research and Industrial Research (IOBE) said that Greece’s economic sentiment index rose to 94.6 points in December, from 92.4 in November.

Sentiment has been improving despite increase taxes being imposed on businesses and continued uncertainty concerning Greece’s ongoing talks with international creditors on its next tranche of economic aid, says IOBE.

“On the business side, it looks like they are adjusting to a new balance point in regards to demand and are looking for a suitable new position in the domestic and international environment. On the side of consumers…there are less pessimistic projections for the course of unemployment over the next 12 months,” it added.