Bloomberg News

Germans Shun Greek Holidays Fearing Reprisals, Observer Reports

May 27, 2012

German holidaymakers canceled thousands of planned vacations in Greece since May 6, The Observer reported, citing the president of the Association of Greek Tourism Enterprises.

Germans fear the consequences of being seen as the source of the austerity regime imposed on Greece as a condition of the bailout funds from the European Union and the International Monetary Fund, the newspaper said.

Most of the 50,000 cancellations since the inconclusive election this month were made by Germans, the paper reported. German arrivals in Greece will be down 25 percent this year, Andreas Andreadis said, according to The Observer.

In a poll conducted by the Foundation of Future Studies, out of 4,000 Germans interviewed, 1.1 percent were planning a vacation in Greece this summer, down by almost half since last year and two-thirds since 2009, The Observer said.

To contact the reporter on this story: Ben Farey in London at bfarey@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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