PEOPLE going to Greece are being advised to take euros in notes and coins in case the country’s escalating debt crisis prompts banks to switch off their ATMs.
The country’s tourist board in London said that while it anticipated no immediate problems, visitors should avoid relying solely on credit cards or local ATMs.
Holidaymakers should take ‘enough money to cover emergencies and any unexpected delays’, advised the UK’s Foreign and Commonwealth Office added.
Travel experts recommended taking around three to five days' worth of spending money in euro notes, alongside credit and debit cards.
Economists say that if the country is denied emergency funds to cover its summer debt repayments, Greece could opt to leave the eurozone.
Bob Atkinson, of Travelsupermarket.com, pointed to the Cyprus bailout in 2013, when banks limited withdrawals and some shops and restaurants were unable to take card payments.
‘If you're travelling to Greece in the next couple of weeks, keep an eye on the news, check the official travel advice and certainly take a mix of different payment options,’ he said.
The Greek economy edged closer to default recently (April 27) when European finance ministers ruled out an extensive bail-out similar to action taken in 2010 and 2012.
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