Good side of Greek crisis: cheapest holidays within decade

The grim story of the financial crisis that unfolds in Greece has apparently also a good side: tourist holidays to the Mediterranean country are all cheaper than ever!

Although avalanches of bad news about the Greece economy poured in, there are also folks able to see the half full side of the glass.

Tourists have plenty of reasons to take advantage of the situation and look forward to visiting the Greek attractions such as beautiful island beaches and historic places, given that holiday prices are seriously diving compared to last year and Athens is highly likely to become the cheapest city in Europe.

Particularly, the West European vacationers are the happiest with the new situation in Greece, despite the fact that rumors over possible collapse of the banking system or ATMs cash withdrawal limitations scares them to a certain extent.

By contrast to 2014, the prices of products that are usually consumed on the beach, e.g. cola, beer, ice cream and snacks, are lower now by 13%.

Discounts apply also to city-break sites in Athens. Various travel agencies designated the home city of Acropolis as the cheapest capital of Europe this season.

Unlike Amsterdam, Rome or Paris, the Greek capital has consistently lowered the rates of most consumer products such as coffee, soft drinks, beer or wine.

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Last time when Greece was so cheap and accessible for tourists was nearly a decade ago. The current level of prices is similar to that of 2007, and the rates continue to go down now.

For example, a dinner for two in Paris amounts on average to 100 euros in an ordinary restaurant. You can have a similar dinner in Rome or Amsterdam against 70 or 60 euros. In Athens, however, you can spend a quiet evening on the terrace just for 35 euro.

In addition, fears that Greece may exit the euro area under constrains to return to the drachma is again a false alarm.

To set up their own old currency system, Greece would need about one and a half years, a period during which they would continue to use the euro as their official currency, say financial experts.