Greece. A good deal for vacationers

Though Greece still battles for an economically viable agreement, the international media brightness up the country’s tourism outlook, asserting that tourism is the one industry that can steer Greece’s economy to safe waters. In a story recently released in Fortune magazine, Greece’s tourism sector has not only “prevented the total collapse of the nation’s economy… but also offers the best hope for its recovery”. Greece “is a good deal for vacationers”, says Fortune in short, especially for those coming from the US and UK, who benefit most from the dropping euro against the pound and US dollar. Even in a “Grexit” scenario, the devaluation of its currency would lead to booming revenues from tourism, adds Fortune, a “growth which would help offset the inevitable bankruptcies and drag from the rising cost of imports”. The story concludes that Greece’s “currency” is still overvalued and that re-emerging as a bargain destination for all of Europe would inevitably get the country’s economy back on track.

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