Author Topic: Brexit repercussions in Greece  (Read 887 times)

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Offline Jolly Roger

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Brexit repercussions in Greece
« on: Friday, 31 March, 2017 @ 19:22:39 »
Britain’s departure from the European Union has direct and indirect repercussions on Greece, with the Hellenic Federation of Enterprises (SEV) issuing a statement calling on EU to negotiate a deal that would ensure effective access of Greek products in the British market.

Britain ranks 7th in Greece’s export destinations. Greek exports to the United Kingdom amount to over 1 billion euros annually.

According to SEV, Greece exports to Britain 350 million euros in industrial products, 200 million euros in chemical products, 350 million euros in food products and about 100 million euros in other products.

The Federation asks from the EU to maintain current market and trade practices, safeguard, as much as possible, closer economic relations between the EU and Britain, organizing a smooth transition to a future trade agreement.

Equally important will be the impact on tourism. Greece should expect a decrease in tourist arrivals as the depreciation of the sterling against the euro will reduce the purchasing power of the British and limit their travel options. It is estimated that currently over two million British tourists arrive in Greece each year.

Offline TonyKath

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Re: Brexit repercussions in Greece
« Reply #1 on: Friday, 31 March, 2017 @ 20:10:33 »
I'm surprised it's as much as that.  With the dosh from Brit tourists we spend quite a lot with them.