Re: When will the Euro end for Greece?
Ann Logue
7/26/2011 8:14:56 AM
That's good for me! Is it good for them? Having the freedom to better manage thier fiscal and monetary policies would be good for the Greeks, but default is a wrenching process.
Re: Not bargian for sure
Phoenix
7/26/2011 7:43:08 AM
Yes I guess it's best to look for other good locations where the dollar is strong. Even South Asia is a good option. It's always sunny and you can take your vacation whenever you want. You might do better during off season times when not many tourists visit those countries. Special offers are available during those times. The climate is the same all year so it's just a matter of taking leave from work.
Europe and the Euro
impactnow
7/26/2011 12:53:28 AM
While I think the concept of the Euro is phenomenal it is not an economic concept with any legs. You simply cannot tie twenty seven disparate economies and governments to one currency and expect it to be valued appropriately. I travelled extensively to Europe pre Euro and the currencies were fairly valued. After the Euro introduction everything had overnight inflation due to the rounding issues inherent in the currency transformation. Even the locals felt that they had overnight inflation and could no longer afford things they had acquired previously. This is a huge experiment in forced economic valuation with dire consequences to its member states and the world economy if it fails. The economists in the EU better start sharpening their pencils and figure out how to prevent default and mass economic mayhem.
Ann,
if you can be patient, you may have your opportunity for some high-value free time in Greece and/or ireland. Greece, in particular seems headed for an eventual default and, as that time nears and arrives, it should have some new 'freedoms' with it's currency.
Re: I hate the euro
ProfR
7/25/2011 4:37:03 PM
I do agree on the Euro.
However, on the other side of the argument, combining the European countries together under one currency and some semblance of government, has made it easier to get around in Europe and easier to trade and buy things there across borders. So is this enough to hold this together?
Re: South America
Ann Logue
7/25/2011 12:58:06 PM
South America is all over the place! Argentina is probably the best bargain. The big problem with Brazil is that it's winter there right now!
Argentina, by the way, was once one of the world's largest economies, about a hundred years ago. Its GDP now ranks 24th, and it's 78th on a per-capita basis. The mighty do fall.
South America
driven
7/25/2011 12:05:05 PM
Annie
What's the situation in South America these days? Any bargains to be found for travelers there?
I hate the euro
Tenacious
7/25/2011 11:58:08 AM
I am no fan of the euro. It's interfered with my business and my pleasure, making both more expensive than necessary.
Ireland
ProfR
7/25/2011 11:25:46 AM
Yes, I live in New York and there are a lot of European tourists here.
I know countries like Ireland are tied to the Euro. However, if they want more tourists to stimulate the economy, there are other things that can be done. I understand that the Irish govenment is waving visa's for short term visits, reducing the air traffic tax and reducing some VAT on tourism related services.
Re: Not bargian for sure
TelecomFreq
7/25/2011 10:31:15 AM
I would agree that Europe is no big bargain for a American to vacation in. If you want the most bang for your buck in both vacation or manufactoring South East Asia is a great location, the dollar is still strong against many of their currencies and there is a lot to do and see.
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