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Empty ATMs force changes all around

Posted in World


Greece passes new spending cuts

Published on July 03, 2015 with No Comments

Cash crunch comes as Greece enters peak holiday season, and forces some travelers who haven’t been able to get money to stiff taxi drivers and tourist businesses.
In a day and age when most tourists go abroad with little more than a credit or debit card, the sudden cash crunch as ATM is Greece have gone dry is adding an unexpected wrinkle to holidaymakers’ vacations, just as Greece enters peak tourist season. What might be little more than an annoyance for foreigners compared to Greeks living with the more severe limitations, trouble for tourists is amplified throughout the economy. Tourism is one of the main sources of earnings for debt-ravaged Greece, accounting for about 17 percent of the economy.


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