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Forums » Greece » Nervous about Greece this summer

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Dewinter

Nervous about Greece this summer

by Dewinter »

Has the economic situation in Greece affected the tourism experience?  I was considering a tour of Athens and the islands, however, my husband is resisting due to concerns about the economic situation.  He read that many businesses in Athens are closed and boarded up.  Have any of you visited recently? Many thanks!

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Road Crazy

RE: Nervous about Greece this summer

by Road Crazy »

I spent the month of May a year ago in Greece.  Greece's economic problems have had ZERO impact on tourism.  I traveled in the islands for 10 days, on the mainland for 10 days, and had about 5 days in Athens.  As a tourist, you would never know the economy has any difficulties at all.  I am sure in areas that serve the locals what he's read may be true, but hotels and restaurants were doing good business and tourist shopping areas were open and busy.  You'd be doing the country a favor to visit now, and you will have a wonderful time.

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Dewinter

RE: Nervous about Greece this summer

by Dewinter »

Thanks for your response RoadCrazy, but is it possible things have gotten worse in the last year. Had anyone been any more recently? I'd still love to go, but my husband is very, VERY nervous. 

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mushroom

RE: Nervous about Greece this summer

by mushroom »

Where in Greece are you going and what are the dates of your travel?  

Is your husband worried about things other than closed shops in Athens?

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Pauline Frommer

RE: Nervous about Greece this summer

by Pauline Frommer »

My daughter just returned from Athens and the Greek islands and had a wonderful time. She didn't see boarded up shops, nor did she encounter protests. Her only comment was that the souvenirs she brought home seemed unusually inexpensive. That being said: there have been runs on banks in the days since she returned home, so it IS possible that visitors may have trouble using ATM's while in country to get euros. Though I NEVER suggest this, you may want to bring extra euros with you just in case.

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mushroom

RE: Nervous about Greece this summer

by mushroom »

Capital controls at this point in Greece are extremely unlikley, and were never all that likely in the first place. (It was politically-motivated rumor-mongering.) During the time of the Cyprus crisis, when capital controls were imposed (and still exist). ATMs always worked, and while withdrawal limits were capped, they were not capped at levels so low that an ordinary tourist would be inconveniced.  

As a tourist, it is unwise to carry around more than 300 euros in cash, and please bear in mind that the real reason for capital controls is to prevent cash from leaving the country.  So if you elect to bring in euros because you fear capital controls, don't bring in more than you can spend, and don't keep topping up at the ATM machines. 

Also, if you pay cash for hotels, get a receipt.

But generally speaking, the best strategy for people worried about capital controls is to rely on using your credit cards -- and again, capital controls were being threatened as a political tactic, and the events of the past few days have shown that tactic didn't work.  Capital controls are less of a possibility today than they were 2 weeks ago.

What bears watching as potential traveler to Greece over the next weeks and months is actually civil stability, and even past experience shows that public protests in Greece seldom have any noticeable impact on tourist areas.  

 

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mushroom

RE: Nervous about Greece this summer

by mushroom »

Well, I have to admit I didn't think the ECB would behave as it has, but the result is that capital controls and a bank holiday will be in effect in Greece until July 5 or possibly later. 

However -- and this is most important --  controls and cash withdrawal limits at ATMs do not apply to holders of credit and debit cards issued in other counties (meaing, if you are tourist in Greece using your own home credit or debit cards, you can get the typical amount of cash you card allows you to get while traveling).

 

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rwhansen

RE: Nervous about Greece this summer

by rwhansen »

That may be true as long as the ATMs have cash.  I have read that many ATMs had run out.

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Ramblinman

RE: Nervous about Greece this summer

by Ramblinman »

I think in Greece this summer the situation will be out of control and the country will be in chaos.

In other words, things will be normal.

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mushroom

RE: Nervous about Greece this summer

by mushroom »

In Response to Re: Nervous about Greece this summer:[QUOTE]

That may be true as long as the ATMs have cash.  I have read that many ATMs had run out.

Posted by rwhansen[/QUOTE]

My ATM in Italy occasioanlly runs out of cash or is otherwise temporarily unavailable.   As for Greece,  because Greek depositors will be limited to under 100 euros for withdrawals, it will reduce the likelihood of ATMs being empty for tourists, who do not face any limits on how much money they can withdraw except the figure imposed by their own home banks.

 

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