Extra, Extra, Read all about it! The headlines are blaring again about the demise of Greece and how they will be exiting the Euro. There is much talk of the chaos that will follow and how the country will come to a screeching halt when the Euro stops circulating. I have news for you; If and when Greece leaves the Euro there is one thing for certain; THE US DOLLAR WILL BUY YOU A LOT MORE ON THE GREEK ISLANDS. Euros will still be accepted by merchants, however the USD will be the currency of choice for both tourists and merchants alike as it was in the Good old days before the Euro arrived.
The Greek Islands will truly be on sale with a strong dollar if the Greek Drachma returns with Hotel, Ferry & Domestic Airline Tickets plummeting. Greece will once again be the European destination of choice for many and the Greek cash registers will be once again full. Financial Institutions, Global Companies, Governments and Greek Treasury have been busy preparing for the day the Drachma makes its reappearance so there is no need to buy into the hype of the CHAOS that will come. The printing presses are busy in Greece and the only Chaos will be how to carry all the Drachmas around after converting your Dollars when visiting the Greek Islands.
Today I came across a great article from the BBC dated January 01, 2001 touting the Fact that Greece has Joined the Euro Zone. “The Greek Finance Minister, Ioannis Papandoniou, described it as a historic day that would place Greece firmly at the heart of Europe.” However, “Some investors have said they are worried the decision to allow Greece to join the euro will send out the wrong signal to financial markets” Now we must let the chips fall where they may, allowing natural market forces to open up opportunities for visitors and investors alike. Visit Greece this year and find out why this is one the greatest places on the planet and feel free to bring Euros, Dollars, American Express and maybe even Drachmas.
Basil Boziotis May 17, 2012