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Greece: is tourism targeted?

3 min reading time

Published on 24/06/15 - Updated on 29/06/23

Santorin, Grèce

While the indicators of Greek tourism are in full rebound and the sector is one of the few economic lungs of the country, the recent proposals of the Greek government to face pressure from the country's creditors could jeopardize growth. The Prime Minister plans to significantly increase the VAT rate applied to hospitality industries.

Greek Prime Minister Alexis Tsipras attended yesterday a meeting with the President of the European Commission Jean-Claude Juncker, Head of the ECB Mario Draghi and Head of the IMF Christine Lagarde, to review a series of measures proposed on Monday. To avoid default in payment and an exit from the...

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