For Americans interested in a European vacation, the recent plunge in euro value spells trip. The exchange rate today is worth just over 1.18 dollars, so travel and hospitality priced in euro offers a built in bargain.
Southeast European nations are at risk of a major financial meltdown, should the Greek debt crisis result in that country deciding to pull out of the Euro, a leading economist has warned.
As Greece slides further into the unknown, many European travel companies are reportedly preparing for the country to exit the eurozone. Yesterday the government announced new elections to be held in June after efforts to hammer out a new government failed this week. Thomas Cook, and other major travel players, are preparing for the eventuality of a Greek withdrawal.