Greek Economic Crisis and Tourism

University of Ioannina Department of Economics

Course: English for Economists IV Instructor: Theodora Tseligka

Nteris Ioannis 2008Nteri Siana Maria 2483Samlidou Eleutheria 2506Terzi Zoi 2528

Greek Economic Crisis: Reasons

• improper political manipulation• high public deficit• high public debt • low competitiveness

Greek Economic Crisis: Consequences

• the lack of public spending• the destruction of the environment• rising crime • the deterioration of tourism

The Definition of Tourism

Tourism is a major source of revenue for the

country visited and a way of entertainment for the visitor. It refers to movement of people from their permanent residence in another place.

Types of tourism In Greece

• Marine Tourism• Endemic Tourism• Internal Tourism• Social Tourism

The Benefits of Tourism

Tourism:

• boosts the economy• creates new jobs• enhances its competitiveness• contributes to the exit of Greece from the

economic crisis

The consequences of Economic Crisis in Tourism

• liquidity and collectability on tourism

• recruitment of inexperienced staff

• lower economic and intellectual level of visitors

Reduction of the tourists: Reasons

• negative publicity of the country to foreign media

• Economic Crisis

Reduction of the tourists: Graph

2007 2008 2009 2010 2011 2012 2013

16.2 15.9 14.9 15 16.4 15.517.9

64.1 64.1 64.3 65.169.1

63.1

Arrivals and Overnights of Tourists in GreeceArrivals Overnights

Proposals for Improvement

• Enforcement of laws and corresponding sanctions

• Confrontation of the the strikers in periods of social and political riots

• a better functioning in businesses

Conclusion and Future Prospects

By developing tourism, Greece can overcome the recession and lead to development. Mr Leivadas mentioned that tourism in Greece is a source of income and contributes to the country's exit from the crisis, while the Minister of Tourism in Greece, Olga Kefalogianni predicted that the number of visitors will increase.

Thank you for your attention!!