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{"id":13194,"date":"2011-11-10T17:44:50","date_gmt":"2011-11-10T22:44:50","guid":{"rendered":"http:\/\/www.theexpeditioner.com\/?p=13194"},"modified":"2012-01-14T14:12:04","modified_gmt":"2012-01-14T19:12:04","slug":"would-a-greek-default-mean-more-tourists","status":"publish","type":"post","link":"https:\/\/www.theexpeditioner.com\/wordpress\/2011\/11\/10\/would-a-greek-default-mean-more-tourists\/","title":{"rendered":"Would A Greek Default Mean More Tourists?"},"content":{"rendered":"
<\/p>\n
News broke this week of a German tour operator attempting to amend their contracts with Greek hotels to include language that would allow payments in a new Greek currency (presumably a cheaper valued one) should the country drop the Euro.<\/p>\n
Which begs the question: Would a defaulted Greece mean cheaper prices for travelers? Not that I’m advocating such a move necessarily — leaving the Euro would certainly cause a severe financial crisis in Greece — but the quick answer is yes. A return to the drachma would allow Greece to devalue their currency, thus making their goods and services cheaper in relative terms to those countries with stronger currencies (the rest of Europe, Australia, the U.S., Canada, Japan, etc…)<\/p>\n