Travel With Euro Notes to Greece

Travel With Euro Notes to Greece.

Given that Greek Banks are closed this week and Greece has defaulted on its €1.6bn debt repayment to the International Monetary Fund today, the Foreign and Commonwealth Office (FCO) has issued a warning that British tourists to Greece may find it hard to access euro cash notes.

We echo the concern, not just for today but the fact remains there are further billions to be repaid in July and August.

Even if a temporary solution is found for Greece after the referendum on Sunday, the Greek economy and banking system will still be on a knife edge. Even today, the Greek Prime Minister is urging the Greek people to stand firm, vote no to the additional spending cuts and changes to state pensions to enable him to re-enter negotiations with creditors with a mandate from the Greek people to do so, knowing that a Greek exit from the euro could open a pathway for other EU nations who are in debt to follow suit and default on euro debt. The strategy is clear, the Greeks are looking to the threat of a European Union exit and the fallout that may follow with other countries as a bargaining tool to renegotiate debt terms with her creditors.

We repeat, this puts the Greek banking system on a knife edge and if you are travelling to Greece either on business or for holidays, we suggest taking Euro cash notes, Sterling cash notes and even US dollar cash notes just in case the banks close at short notice.