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Current Situation in Greece

Monday 29 June 2015 06:00

Developments in the negotiations between Greece and its creditors over the weekend mean that cash controls have been implemented across the country.

All banks will be closed on Monday and we are advised that they are likely to remain closed for the rest of the week.

The majority of cash machines don’t currently have cash available. However we are advised that as of later today (Monday) machines will be back on line, but with restrictions in place for those with local bank accounts. These restrictions (a daily limit of between 50-60 euros) will stop the run on the banks and should mean that machines do not run out of cash.

The restrictions will not affect foreign bank cards with accounts registered outside of Greece and as such tourists will still be allowed to withdraw cash. (Update – Cash now becoming available in cash machines 11:00)

In the majority of places credit cards, where previously accepted (this has always been limited especially smaller islands) are still being accepted however this could change at short notice.

Our advice remains the same. Guests should follow the Foreign Office advice and take enough Euro’s with them in cash and not rely on ATM withdrawals or credit card payments.

In the event of an emergency, we will make cash available through our local offices but this is to cover emergencies only and should not be relied on.

Aside from the cash situation, life in Greece; especially in the resorts and islands away from the big cities, goes on as normal.

Our chairman is currently travelling in Greece and his latest report on Sunday evening stated “One is tempted to say 'what' crisis? It is Sunday night, not the most popular of nights to go out, but the cafés and tavernas are full. Plenty of talk about the economic situation but life goes on as normal. This is a vibrant city with a student population of 150,000 and it is no less vibrant today than on any other occasion when I have visited.”

The situation this week will obviously be ever changing and we will of course update people as we know more information, however we really don’t expect guests' holiday experiences to be impacted.

Even if Greece should be forced to leave the Euro currency union, this will not happen overnight. A currency change will take, it is estimated, about 18 months to implement and in the meantime the Euro will remain the currency in use in Greece.

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If your enquiry is of an urgent nature, please telephone our dedicated reservation teams on the numbers listed below.

Our lines are open from 9.00am to 5.30pm Monday-Friday and from 9.30am to 4.30pm Saturday.

Greece: 020 8758 4758
Cyprus: 020 8758 4759
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Latin America: 020 8758 4774
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If your enquiry is of an urgent nature, please telephone our dedicated reservation teams on the numbers listed below.

Our lines are open from 9.00am to 5.30pm Monday-Friday and from 9.30am to 4.30pm Saturday.

Greece: 020 8758 4758
Cyprus: 020 8758 4759
Portugal, the Azores, Spain, Italy, Sicily and Scandinavia: 020 8758 4722
Latin America: 020 8758 4774
Marketing: 020 8758 4731

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For full details on how we collect and process your personal data can be viewed in our privacy policy.

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Title ^*

First name ^*

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Preferred method of communication ^*

Preferred departure date ^*

Duration ^*

Preferred UK departure airport ^*

Party size ^*

Title ^*

First name ^*

Surname ^*

Telephone number ^*

Email address ^*

Preferred method of communication ^*

Booking reference number ^*