Some Christmas cheer-Trade up for first time in 8 years

Christmas retail trade rose 2.5% this year, rising for the first time since Greece's debt crisis erupted in 2010, according to data from a research group.

Data collected by the Institute of Commerce and Services (INEMY) shows that larger stores, retail chains and those in shopping malls outperformed the sector, with revenues up 5-6% from last year's levels. Smaller players in regional districts saw sales drop up to 12%.

Based on the data collected so far this year, retailer sales look to come in at 42 billion euros in 2017, versus 41.4 billion euros in the previous year, according to INEMY data.