Monday, 6 July 2015

Greece's Economic Crisis; May be Best Time to Take Vacatioion id Greeece

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Greece's Economic Crisis; May be Best Time to Take Vacatioion id Greece,- If the referendum is
indeed a 'no' that prime minister Alexis Tsipras seems to ask from his fellow Greeks, then over the next few weeks, Greece will have to decide whether a 'no' vote actually means no, or whether like Saira Banu in Bluff Master, it means a flirty 'Yes, we do want our government to agree to tougher new austerity measures.

The Greek crisis also has the rest of us concerned; it has divided  into two warring camps:
  • The Greeks as whining members of the rich Organisation for Economic Cooperation and Development and who insist on continuing to live beyond their means.
  • That find vicious pudgy-pawed countries like Germany trying to destroy a happy-go lucky nation because it has become overrun with left-wing baby boomers. 
 But beyond this latest differentiator between leftwing and rightwing lies a more practical concern: is this the best or worst time to visit Greece? The truth is that it's both. In other words, it is a tragicomedy. Or, as the anti-Leftwalas prefer calling the situation: a commie tragedy. Why is it the best and worst time to visit Greece? Here are four diagnostic reasons:
  1. Stash That Cash: British finance minister George Osborne has already warned vacationing Britons to carry euros in cash, since ATMs in Greece are allowing people to withdraw only 60 a day. That is, if the ATMs have any cash. So families across Britain can already be seen getting on board budget airlines carrying odour-neutralising bin liners full of euros.Cheapskating: To feel how glorious westerners feel when they land in India and find everything dirt cheap, Indians usually set off to southeast Asia. But now we have the opportunity to feel 'cheap' even in summer. And that too in the cradle of western civilisation.
  2. Greece, even as it remains precariously in the euro zone, has prices of everything plummeting. So a Gorgeous Greek Salad - "crispy vegetables, Greek feta, marinated olives and herb vinaigrette" - that costs Rs 383 inclusive of taxes at Fresc Co on Janpath in central Delhi, has its far better incarnation as a Greek salad (or as they call it in Greece, horiatiki, 'peasant salad') - "big berg, corn, croutons, gruyere cheese and grilled chicken breast" - at the restaurant in downtown Athens, Melilot.
  3. Isle Worship: But there's a flip side to this Big Fat Greek Discount Spree. One of the charms of being a super-duper fealthy - wealthy is that you could buy one of those Greek Islands — that the plain super-rich found out of reach. Take the island of Gaia, a private 43-acre island on the Ionian Sea that's now on sale — officially — for Rs 29.6 crore. By Monday, the price could jolly well dip to some piddly Rs 15 crore and every startup upstart not even from a place could pick up the Greek getaway while you languish away in your off Peddar Road pad.
  4. Hyperinflation Nation: Like the Weimar Republic after the end of World War I, a return to the drachma — if Greece does go out of the euro zone with a busted kitty — could find you, tourist, waking up one day in your by name"> hotel and haggling over the price of a toothpaste suddenly costing 80,000 drachmas.
Which, you will soon enough realise, should be covered by the 2 coin you're holding But if you're unlucky, and the shopkeeper doesn't much care for movies, he may refuse a euro-payment and demand 80,000 drachmas.

Which you may or may not have after waking up with no ATM that works, no banks that are open or no genuine Piaget Altiplano Caliber 1200D watch to barter with. You will, in such an event, leave Greece with a very bitter aftertaste.


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