Greece To Kill Off Its Tourism Industry?

Greece is trying to strangle itself in my opinion. As a response to the need to pay off its huge debts it has decided to target the tourists that flock to the country and its islands every year.

It is proposing to double the rate of tax on accommodation and raise the rate of tax on the food served in restaurants from 13% to 23%. Officials are looking the possibility of implementing these huge rises. Up go the price of the holidays in Greece by a very considerable sum.

The worst idea, in my view, is that there is a proposal to remove the 30% discount on VAT which some of the Greek Islands receive at the moment. This is a very sensible discount given the extra costs of getting goods etc. to the islands and would be particularly damaging to the islands themselves.

Greece will still be a wonderful holiday destination but unfortunately it looks as though it is going to be a much more expensive one. Just how much of an effect would this have on the one industry in Greece that is a success, tourism? Looking for a reasonably priced holiday in Greece? Looks like you had better go sooner rather than later then eh?

Oh how I wish you could still pay in Drachma.