Greece has defaulted

AlexMac

Widelats wrote: »

I am no good with finance or world spending, what will this mean for anyone travelling to Greece in terms of prices of things?

And what will it mean for Europe, the other countries get a bit stronger or weaker?

Prophesy is not my strongest skill, but regarding the 1st Q, I'd bet that prices will seem even cheaper for someone coming from the UK. We've been to Kephalonia a couple of times in the last two years and meals and drinks were already embarassingly cheap (a meal for four people with loads of wine for 60 Euros). Mykonos, being a more pretentiously touristic place, was a good bit dearer, but in the other islands the Greeks had already responded to the recession by lowering prices to attract business- as the less touristic bits of Spain have done (for example, 3-course meals for 10-12 Euro including wine in Cantabria and Asturias this year and last!)

So I think that will continue, wheter or not Greece crashes out of the Euro. And even if they do, it will take months or even years to re-introduce the Drachma... so Euros will still be accepyted either way.

As regards the second Q- if greece crashes out, or even if they don't because the Germand and the French continue to bicker about keepin 'em in, the euro will weaken a bit; which means you'll buy more for your £. Keep an eye on the holiday money tool here on this website at http://travelmoney.moneysavingexpert.com/ and if it gets anywhere near 1.4 Euros to the £ and you have the spare cash- buy. I was delighted to get 1.4 in April for my May holdiay!