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> Travel

Bloomberg: Greece looks like a safer destination now

Athens hopes that its handling of Covid-19 will help tourism. International investors are certainly warming up to the country

Newsroom June 17 11:58

During the euro-zone crisis at the beginning of the last decade, many European citizens felt they were paying an unfair price for Greece’s problems. As the first wave of the coronavirus pandemic fades in Europe, it’s the turn of the Greek people to feel aggrieved.

The country has had one of the best Covid-19 records in the European Union, thanks to the government’s swift decision to enforce a lockdown and widespread compliance among the population. There have been 185 registered deaths so far from the disease, out of a population of about 10.7 million people — equivalent to 17 deaths per million people. Spain and Italy had 578 and 560 registered deaths per million respectively, and “excess deaths” relative to the previous years were even higher.

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The threat of Istanbul Canal & the race to stop it

Yet the economic pain for Greece may be similar to other southern European nations. The European Commission forecasts that Greek national income will shrink by 9.7% this year, compared with 9.5% in Italy and 9.4% in Spain. The country is, however, expected to rebound more sharply in 2021, by 7.9%, compared with an expectation of 6.5% growth for Italy and 7% for Spain. Greece’s initial contraction — set to be the largest in the EU — is happening because the economy relies heavily on tourism. As foreigners stay at home, hotels and restaurants suffer.

Read more: Bloomberg

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See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Farmers arrive at the Maximos Mansion for the meeting with PM Mitsotakis

January 19, 2026

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Train Collision in Spain: 39 dead, “extremely strange accident,” says Transport Minister

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All News

> Economy

Greek exports broke records with a record 37 billion euros

With one of the strongest performances in the last decade for Greek non-oil exports, while a new upward cycle is expected in 2026

January 18, 2026

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Industry: Energy deadlock after Commission’s “no” to Italian pricing model

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