News Greece UK tourists advised to take cash to Greece

UK tourists advised to take cash to Greece

Tourists that are going to visit Greece are being advised to take euros in notes and coins in case an escalating debt crisis prompts the country's banks to switch off their cash machines.
 
According to “Daily Telegraph”, travellers should take "enough money to cover emergencies and any unexpected delays", the Foreign & Commonwealth Office states. Travel experts recommended taking around three to five days' worth of spending money in euros, alongside credit and debit cards.
 
The Greek economy edged closer to default on Monday when European finance ministers ruled out a "big" bail-out programme in the vein of action taken in 2010 and 2012.
 
Talks with the country's radical left-wing government have stalled because the Syriza party, elected in January, has refused to implement further austerity measures.
Economists say that if it is denied emergency funds to cover its summer debt repayments, Greece could opt to exit the euro.
 
As well as causing chaos in the financial markets, such a scenario might lead to a run on banks, which would turn off their cash machines in response, experts said.
The Greek National Tourism Organisation said: "We don't anticipate any problems with the banking system in Greece - it's very much business as usual. We would always advise any holidaymakers to take a mixture of cash, debit and credit cards as they would normally do when they travel to any country."
 
The UK Foreign and Commonwealth Office on Tuesday denied a report appearing in the newspaper "Daily Telegraph," which seemed to suggest that the foreign office had changed the travel advice for those going to Greece in response to the "escalating debt crisis".
 
Replying to the ANA-MPA, a foreign office spokesperson said there had been no recent change to the ministry's travel advice to Britons visiting Greece and that the last time this was revised was in December 2012. 
 
Sources: Daily Telegraph, ANA-MPA 
 
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