Will the Greek Crisis Lead to Cheaper Travel?

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The possibility of a Grexit gets closer and closer literally every day that goes on without any sort of compromise between the Eurozone financiers and the Greek government. According to the media (which obviously needs to be taken with a grain of salt), the entire country is in chaos is the banks are shut down and the ATMs are only allowing the Greeks to take out 60 euros at a time so that there is enough cash for everyone. The question on the minds of many people is how this crisis will affect the Greek tourism industry, an industry that was amongst the strongest in the country and provided a livelihood to many all around Greece.

The Mediterranean Sea is known as being one the most beautiful and pristine in the world. Greece is perfectly suited to take advantage of this fact and its many islands have become famous throughout the world for the beaches, the water, the food, and the hospitality that can be found on them. With the Greek economy in shambles, how is tourism in the country going to be affected? That depends and how the referendum on Sunday pans out and whether Greece stays in the Eurozone or not. It also depends on the mood of the citizens once the Sunday referendum occurs.

During the last Greek financial crisis, people were rioting on the streets and causing chaos. This led to a downturn in Greek tourism, even for places like the islands and cities that are far away from Athens. If there is a sense of calm after the referendum, it seems as though Greek tourism won’t face any negative repercussions. If anything, there is a very real possibility that tourism will go up. The current situation is already leading to decreased prices across the board, something that will continue in an attempt to both ease the hardship of cash-poor Greeks. This also means that things will be cheaper for visitors. There are also chances that less people will decide to go to Greece, leading to an opening in hotel rooms and services that would’ve been packed previously. Either way, if you decide to go to Greece you should make sure to bring plenty of cash because ATMs will be hard to find.

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