OPINION
Don't book a Greek vacation just yet
June 05, 2012
June 05, 2012
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(The New Republic) With the credit ratings agency Standard & Poor's estimating that there's a one-in-three chance that Greece will abandon the euro sometime after its June 17 election, some people are already looking for a silver lining.
British tour operator Thomas Cook expects a surge in bookings to Greece if it leaves the euro zone as holidays to the Mediterranean nation would become better value for hard-pressed travelers.
"If Greece exits (the euro), for the tourism industry it could be very profitable," interim chief executive Sam Weihagen said after the company posted a steep first-half loss on Thursday.
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British tour operator Thomas Cook expects a surge in bookings to Greece if it leaves the euro zone as holidays to the Mediterranean nation would become better value for hard-pressed travelers.
"If Greece exits (the euro), for the tourism industry it could be very profitable," interim chief executive Sam Weihagen said after the company posted a steep first-half loss on Thursday.
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