Greece: Vital Tourism Industry Down after Protests

By Larry Habegger and Andrew Davis | Permalink | No Comments | August 1st, 2011 | Trackback

Greek officials are worried that tourism will take another hit due to heavy protests in Athens. Tourism accounts for roughly one fifth of Greece’s gross domestic product, and after a slow 2010, the industry was slowly rebounding. But many of the industries that rely heavily on tourism are organizing strikes to protest austerity measures. Taxi drivers staged a lengthy strike at the height of tourist-season, and the country’s ports might close if seamen carry out their proposed action. Civil unrest is reaching a boiling point as the government continues to push austerity measures.

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