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UK Foreign Office says to bring extra cash if you're going to Greece, just in case

The UK's Foreign & Commonwealth Office is advising travellers to take enough cash with them t...
Newstalk
Newstalk

11.43 28 Apr 2015


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UK Foreign Office says to brin...

UK Foreign Office says to bring extra cash if you're going to Greece, just in case

Newstalk
Newstalk

11.43 28 Apr 2015


Share this article


The UK's Foreign & Commonwealth Office is advising travellers to take enough cash with them to cover expenses for three to five days if they are going to Greece.

The Telegraph reports that the Greek tourist board in London has said that while no immediate problems are foreseen, tourists should have extra cash and not rely solely on local ATMs or credit and debit cards.

While this might sound a bit extreme, it is a reflection of the deteriorating financial situation in the state as Greece's standoff with its international creditors continues. The Irish Department of Foreign Affairs offers no such travel advice.

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Since last week's tempestuous Eurogroup meeting in Riga, the group's President, Jeroen Dijsselbloem has ruled out a new "big" bail-out programme for Greece.

Mr Dijselbloem said last night there would be no repeat of the scale of the rescue packages agreed for Greece in 2010 and the €240bn package of 2012 and that any agreement that might be reached over the coming weeks would be of a "completely different order."

Despite the apparent lack of progress, Greece's PM Alexis Tsipras has spoken to Greek TV and said that a deal will be agreed before May 9th.

Financial analysts have been trying to guess how much longer Greece can survive without additional emergency funding. It is over a week since Greece's Syriza-led government ordered all public bodies, including state-owned companies and public pension funds to transfer their cash reserves to the central bank.

The country is due to repay some €1bn to the IMF during May.

Mr Tsipras moved to ease growing tensions with the country’s creditors yesterday by removing his high-profile Finance Minister, Yanis Varoufakis from the direct negotiating team, replacing him with the more moderate economist, Euclid Tsakolotos.

Eight of those who were present at the Eurogroup meeting in Latvia broke decorum and described the breakdown in relations between Mr Varoufakis and the rest of the group.

Mr Varoufakis was accused of wasting the other minister's time. Peter Kazimir, Slovakia’s finance minister, launched a verbal attack at the Greek, while other ministers joined him in expressing their frustration at Greece's lack of progress.

"All the ministers told him: this can’t go on," Spain’s Luis de Guindos said on Saturday. "The feeling among the 18 was exactly the same. There was no kind of divergence."

The Syriza minister declined to offer a comment on the matter to Bloomberg - but he did tweet a line from a 1936 speech by United States President Franklin D. Roosevelt: "They are unanimous in their hate for me; and I welcome their hatred."

 


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