Greece has been facing economic troubles for a while now but there is increased worry it could come to a head this week with the country going bankrupt! Fears are that if the country does go bust there’ll be riots, hotel closures, banks running out of money and 110,000 stranded British tourists all needing repatriation.
A UK government spokesman’s commented to say; “We’re planning for a wide range of scenarios,” making it clear that the Greek financial crisis is a huge issue.
The Foreign Office’s official advice for travellers is currently “under review,” causing understandable worry among holiday makers.
Greece is at risk of defaulting on a 1.6 billion Euro loan payment to the International Monetary Fund. Between the IMF and the European Central Bank, Greece is asking for 7.2 billion Euro to be injected in the Greek economy.
There are also fears that Greece will be kicked out of the Eurozone.
Travel agents trade body ABTA is recommending travellers to Greece ensure they have suitable travel insurance to cover any inconveniences that may occur in regards to flights or hotels, in the wake of the country’s issues.
Tourists who have booked through an ABTA-bonded travel agent will have their holidays and flights protected, while their tour operator will guarantee them safe passage home should they find themselves stranded.
Independent travellers, however, may find themselves left out of pocket, if not out in the cold…
We reached out to MSC cruises for a comment: “As the situation in Greece remains very unclear currently we have no plans to alter any itinerary which calls into a Greek port. If this situation changes than we will advise passengers and all our partners.”
What do you think? Does this make you worry about future Greek holidays?
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