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Unfortunately tourist infrastructure determines how much tourism can grow and Greece already has 70-80% hotel bed occupancy so I don't see the scope here to pro
by derriz 11y ago
Unfortunately tourist infrastructure determines how much tourism can grow and Greece already has 70-80% hotel bed occupancy so I don't see the scope here to prove a huge economic boost.
On the other hand, Greece imports energy, food, medicine and technology and those things will all have to be paid for with hard cash. The result of a 50% devaluation of the new Drachma will be a doubling in prices for basic life necessities.
It's clear to me that Syriza's policies have been and will be absolutely disastrous for the ordinary Greek person. Things may have been bad last year but at least there was a small uptick in GDP and employment and seemingly a small improvement in government finances. With a busted bank system, capital controls and no cash to pay for essential imports, I can see Syriza turning Greece into a fully failed state.
- argumentum 11y agoWhy couldn't you build more hotel capacity? Anyway, airbnb should accommodate more and more visitors as well. Some of those things, particularly medicine & food, are artificially high priced because you are in the EU: http://www.firstwordpharma.com/node/1065529#axzz3ePfuiLQG http://www.firstwordpharma.com/node/1065529#axzz3ePfuiLQG I grant it will be difficult for a year or two, but I predict you will be better off in the long run.