SailNet Community - View Single Post - Greek chartering & Greek economic issues
View Single Post
post #2 of Old 06-24-2011
Senior Member
Join Date: Mar 2004
Location: Brussels
Posts: 249
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
The current economic crisis (due to the state's excessive expenses compared to earnings resulting in deficits and a high accumulated public debt) in Greece has hit mainly the urban population and more particularly middle class. The chartering business depends on foreign tourists and as long as Greece remains an international tourist destination there will be boats available for charter at reasonable prices. On the other hand, islands is kind of remote backyard (the "countryside") and people living there have a low but constant income and their lives do not change dramatically over the years.
Conclusion: trouble and unrest are contained in one or two big cities in continental Greece (e.g. Athens) and you see little change because of the crisis in the insular periphery. Moreover, the currency in use is the euro which is stronger and less volatile than, say, the U.S. dollar ...
chrondi is offline  
Quote Share with Facebook
For the best viewing experience please update your browser to Google Chrome