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 ...
05-30-2011 11:24 AM
Greek chartering & Greek economic issues
A couple of years ago my wife and I had an excellent chartering experience in Greece. Cyclades Islands.
My question/concern is regarding the impact of the economic issues on the Greek charter business. The Greek people were just wonderful and once you were out in the Islands, the costs were fairly reasonable. Athens was expensive, as expected. I worry that there will be a fundamental change to the Islands due to the Greek economic issues. What a wonderful place and people and we are contemplating another trip. It seems to me that the Greeks are facing a significant change to their way of life and culture. They truly are the most laid back folks in the world. I have also heard rumors that the costs of sailing in Greece are going to dramatically increase.
Maybe I am blowing this all out of proportion, hopefully. For those coming back this year from a Greek trip this cruising season I would appreciate your feedback.
My heart goes out to the Greek people in these difficult times.