Published on : Friday, May 15, 2015
The recent economic uncertainty in Greece is proving to be an alarming cause for a number of European holidaymakers heading to Athens this summer. The Greek finance minister this week claimed that his country might go to complete bankruptcy in a couple of weeks.
Recent conditions are such that if Athens doesn’t agree to bailout deal with its creditors soon, Greece will be left with very little alternative but to crash out of the euro. This might result in a huge economic and political turmoil across the continent.
For global travelers and specially the European holidaymakers who are planning a trip to Greece might be in deep trouble as ATMs in the country might stop issuing euros.
This might also fuel regular strikes and demonstrations in Greece, which have become a regular occurrence as the country’s economic crisis has deepened in the recent past.
Two million Brits head to Greece every year. Experts have said travellers thinking of holidaying in Greece should consider buying travel insurance with robust cancellation cover included, as soon as they book their holiday. The move means that holidaymakers will be reimbursed should they find that they are forced to cancel or cut their trip short.