Bloomberg reports on Greek tourism

Hotels and the general tourism industry could provide a helpline for the economy

Bloomberg Business reports that the Greek tourism business is facing both problems and boons, on the cusp of summer and the tourism High Season.


As financial woes continue amidst a mistrustful European climate, tourism, according to Bloomberg, is needed more than ever to provide a life raft for the country’s economy.


The industry contributes 17% to the shrinking economy, with hoteliers, taverna owners and sailboat skippers hoping for another record year, if Athens is finally successful in retaining the European lifeline.


If things go well, the following graph from the popular business website shows how the next three months could unfold, according to government projections, as well as the pros and cons of the current situation.





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Source: Bloomberg