Friday, 18 May 2012

Would you go Cruising in Greece




With German Chancellor Angela Merkel’s admission that Greece may have to leave the Eurozone, a couple of rather alarming travel-related stories caught our eye this week.
Online travel company DialAFlight warned holidaymakers to ‘get rid’ of their Greek euros in a blog post (which has since been removed from the website). The company was criticised for scare-mongering, according to a story in the Daily Mail, but the fact remains that the fallout from Greece exiting the Eurozone cannot yet be predicted.
Industry newsletter Travelmole reported that TUI Travel PLC, which owns a number of tourism properties, including Thomson and Island Cruises, has contingency measures in place to compensate for a downturn in travel to Greece. And there are widespread reports of bank runs in Greece, totaling millions of euros.

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