Greece; don’t let their economy stop you from visiting
With the economy in ruins and the government on the brink of disaster, tourism in Greece booms. The efforts from the government to provoke growth in the industry have paid off with hotels and ferries book up until the end of November. People may have decided to holiday in North Africa; however, arrivals are set to rise by 10% this year. Read more…
Last minute deal to save the euro…again
At the 14th meeting in 21 months, the EU has agreed a last minute solution for the Euro crisis. Issues faced yesterday were: Greek private debt – Cut it by 50%, Europe’s banks being almost bust – they’ll need to raise €106bn in 2012, and lastly, they had to figure out a way to save Italy or Spain if they were to go bust – by increasing the European Financial Stability Fund (EFSF) to €1 Trillion. Read more… (View from the BBC)
U.K. Disposable income growth at its lowest point for 30 years
There hasn’t been a year since the depression in 1982, (it shrunk by 0.1%), where the U.K. has seen disposable income growth this dismal, 0.1%. it’s not really shocking though, is it? Read more…
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