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Greece: £2 beers, £3 off suncream, dinner for half Parisian prices - four charts that show now is the perfect time to visit the 'country in crisis' Runs on the banks, protests over pensions, delays to payments: every day brings with it another shocking headline about Greece as the country tries to negotiate further loans from Europe to repay money already borrowed.But what if, behind the crisis headlines, now is actually the best time to visit Greece?If Greece fails to pay back €1.6 billion to the IMF by the end of June, it could default on its debt.That's not the end of the world for holidaymakers - even if it happens during a stay. The Independent spoke to both the UK Treasury and the Foreign Office for this article – neither had any travel warnings related to Greece.The Foreign Office last updated its advice to travellers in 2012, a spokesman said, to include a warning to take enough money when visiting to cover emergencies and unexpected delays.There are fears that if Greece is allowed to go bankrupt, it will be forced to leave the eurozone and re-establish its own currency, the drachma. Until then, Greece still uses the euro, and the pound hasn’t been this strong against the euro since 2007.Even if Greece were to leave the euro, it would take around 18 months for the drachma to be reintroduced, during which time the euro would still be the legal currency. Andrew Brown, spokesperson for Post Office Travel Money, said UK holidaymakers shouldn’t panic if Greece leaves the eurozone.
Bookies not backing Greek 2015 euro exit yet Growing nerves over Greece have been the talk of financial markets for the past week, but online betting firms see only around a one-in-five chance it will leave the euro zone this year -- a lower likelihood than earlier this year.
British bookmaker William Hill has re-opened its book on whether Greece will leave the eurozone by the end of this year, it said on Thursday.The bookmaker is offering odds of 9-to-4 that Greece will leave the 19-nation bloc this year, implying a 31 percent chance. Odds of it staying in are 1-to-3, reflecting a 75 percent probability.Rival bookmaker Paddy Power is offering odds of 2-to-1 on "Grexit", implying a 33 percent likelihood. Ladbrokes has closed its book.
Planning a holiday in Greece? Here's what you need to know
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Topic: Don't panic, don't panic! (Read 7149 times)
