Travel sector monitors Greece situation following bailout 'No' vote

Travel sector monitors Greece situation following bailout 'No' vote

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Travel industry leaders will be closely monitoring events in Greece after voters in the country rejected the terms of an international bailout.

The final result in yesterday’s referendum, published by the interior ministry, was 61.3% ‘No’, against 38.7% who voted ‘Yes’. The turnout was 62.5%.

Greece's ruling Syriza party had campaigned for a ‘No’, saying the bailout terms were humiliating.

Their opponents warned that this could see Greece ejected from the eurozone. A summit of eurozone heads of state has now been called for tomorrow (Tuesday).

Greek prime minister, Alexis Tsipras, said late on Sunday that Greeks had voted for a "Europe of solidarity and democracy," the BBC reported.

"As of tomorrow, Greece will go back to the negotiating table and our primary priority is to reinstate the financial stability of the country," he said in a televised address.

"This time, the debt will be on the negotiating table," he added, saying that an International Monetary Fund assessment published this week "confirms Greek views that restructuring the debt is necessary".

Finance minister Yanis Varoufakis, who quit his post this morning following the referendum result, has said that with a ‘No’ vote, Greek banks would reopen on Tuesday.

Abta last week advised holidaymakers and travellers heading to Greece this summer to take enough euros in cash to cover all of their needs.

The association also said it would continue to monitor the situation and work with members on any developments.

“This is an unusual situation but the industry is experienced in handling unusual situations,” Abta said.


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