The economic problems currently being faced by Greece may result in the country pulling out of the EU and re-establishing its old currency - the drachma - instead of the euro. Banks in Europe are scrambling to make provisions for such an eventuality. Recently, the leading German travel operator TUI sent out letters to hotels in Greece asking them to renegotiate their rates in drachmas to avoid losses in case Greece pulls out of the euro.
But currency woes are not limited to Greece. On November 24, the credit rating agency, Moody's, downgraded Hungary's ratings to "junk" - and the value of the Hungarian currency - the florint fell by 6% to 238 Florint per US$. Although Hungary is part of the European Union, it has not yet integrated its currency with the Euro. Another ratings agency, Fitch, declared on Friday, Nov 26, that Portugal's government bonds were worth "junk" exacerbating the already difficult economic scene in Europe.
Italy lost its Prime Minister Berloscuni due to their economic woes while Spain and Belgium are also facing similar problems.
If Greece starts using the drachma, travelers will benefit from lower prices and Greek tourism may see a big inflow of tourists.
The ROM is Canada's biggest museum, with over six million objects in its collections. This spectacular building was made by renowned architect Daniel Libeskind. Some of their best galleries include the World Culture Gallery, Natural World Gallery, T. T. Tsui Gallery of Chinese Art, the Gallery of Korea, and the Bishop White Gallery of Chinese Temple Art. 6 new galleries have also been added, inclu...
This mountain provides the most stunning view of Athens. A cable car railway takes tourists to the summit. Timings: Daily 9 A.M- 3 A.M Address: North East of Syntagma Square Admission: 4 EUR [ride to the top] Tel: 210-722-7065 ...
One of the most prominent German language theaters in the world, this is the Austrian National Theater in Vienna. The performers have developed a typical style and speech that is uniquely their own. Contact: Information office: Tel +43-1-51444/4140 Fax +43-1-51444/4143...
Being Ireland’s first interactive museum for children under 9, it has become extremely popular. Exhibits are fun, exciting and extremely engaging. The musuem has an art studio so kids can get wild with colours and their imagination and a kid’s stage where children can create their own stories, try on different costumes and change the props on the stage. The museum also has a café (Café Kiddiccino)...