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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
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Greek Economic Crisis: Reasons
• improper political manipulation• high public deficit• high public debt • low competitiveness
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Greek Economic Crisis: Consequences
• the lack of public spending• the destruction of the environment• rising crime • the deterioration of tourism
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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.
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Types of tourism In Greece
• Marine Tourism• Endemic Tourism• Internal Tourism• Social Tourism
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The Benefits of Tourism
Tourism:
• boosts the economy• creates new jobs• enhances its competitiveness• contributes to the exit of Greece from the
economic crisis
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The consequences of Economic Crisis in Tourism
• liquidity and collectability on tourism
• recruitment of inexperienced staff
• lower economic and intellectual level of visitors
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Reduction of the tourists: Reasons
• negative publicity of the country to foreign media
• Economic Crisis
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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
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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
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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.
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Thank you for your attention!!
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