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VAT and Greek economy

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Jimbo:
Kernowfox - I agree with a lot of that. It's up to the Greek people to decide what they will or will not do. It's hard to see it as all the fault of the IMF/ECB/EU, much as I would like to.

There will probably  (I think) be an interim deal in the next few days. Not the total deal.

German bookings appear to be down 10% whereas UK is about 2%.

For tourists, all we can do is eat, drink and make it a great place to go to. Which it is.

Kernowfox:
You could well be right Jimbo. Interim deals ad infinitum may suit all parties.....

Jimbo:
It's vital for the tourist industry for the uncertainty to end as soon as possible. The last four months have seen little progress. Tsipras and Varoufakis have openly insulted just about everybody, and Junker has, allegedly, now stopped taking any phone calls from Tsipras. Neither side appears to have made any significant concessions at all. The EU etc haven't faced up to the extreme damage austerity has caused to the Greek economy; the Greek government hasn't taken seriously the need for structural change. What we see is a collection of billy-goats bashing their heads together. But ultimately, unless a deal is reached, it will be the Greek billy-goat that will go on the barbecue.

Those of us (75%) who go regularly to Agios Stefanos will see it in personal terms: the friends we have made in the village, and our desire to see them prosper. We will return. But for those merely thinking of where to book a holiday somewhere, anywhere, it would be entirely sensible, unfortunately, to chose Turkey or Spain. It's very important this year that we vote with our feet and help the local economy.

Jimbo:
eKathimerini has the VAT rates in the "agreement"

http://www.ekathimerini.com/199529/article/ekathimerini/business/four-tier-vat-status-for-islands

amanda j:
Thanks for the article Jimbo. Will add some more euros to my budget to account for any possible increases.  :)

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