Britons warned to be prepared if travelling to Greece
We imagine that it will not have escaped anyone’s attention that Greece has some serious financial problems at the moment, experts are also warning that the country’s economic crisis is deepening. According to a statement issued by the Greek finance minister this week, he claimed that Greece is only two weeks away from becoming totally bankrupt.
Now what does all this mean for the millions of holidaymakers that go to Greece and the Greek Islands to soak up the lovely Mediterranean sun? Well we are told that it could be risky if Greece does not agree a bailout deal with the creditors soon. The result could be that they exit the Euro and this will inevitably result in economic and political turmoil.
The extent of having such a height of uncertainty over the future of the currency could well men that Greek ATMs may stop issuing Euros. Advice has been issued by the Foreign and Commonwealth Office telling travellers not to rely on any form of debit or credit card, but to use cash. They are also warning that there is a strong possibility of strikes and demonstrations in Greece, which have become a regular occurrence as the country’s economic crisis has deepened.
What we find very surprising is that, according to Caxton FX, about a third of British travellers are completely unaware of the well-publicised political turmoil and instability that is gathering pace in Greece. The currency provider has also advised that travellers take cash and they should head to Athens at least one or two days before the scheduled time to come home, combatting any internal travel inconveniences.
Of course on the positive side, the Greek problems mean that accommodation and flight prices in Greece may be lower and more readily available, with demand currently decreasing, tourists will be able to take advantage of space and availability at popular bars, clubs, restaurants and beaches.
This raises the question of travel insurance which is always advisable to take out, but this should have robust cancellation cover included. Is it as simple as that though, as we understand it travellers are covered only for events that were not known about? Before an insurer will pay out they will check if when you could have first become aware of the potential disruption to your holiday before deciding whether your claim is genuine.