We are currently experiencing technical difficulties with our telephone system.
We apologise for any inconvenience and are working to resolve this as soon as possible.
Evolution Money
Customer Enquiries 0161 814 9158
This website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Continue
Home > Greek crisis prompts warning to tourists to take cash

Greek crisis prompts warning to tourists to take cash

13th May 2015 | Published by Evolution Money

Holidaymakers travelling to Greece this summer are being advised to take euros with them rather than relying on credit cards and cash machines.

The advice from the Greek Tourist Board in London is in response to the possibility that the financial crisis could force banks to switch off their cash machines. While they are not expecting problems at the moment, they state that tourists should not visit the country expecting to rely solely on cash machines and credit cards.

The Foreign and Commonwealth Office’s official guidance to anyone visiting Greece is to take enough cash with them to cover unexpected delays and emergencies.

Bob Atkinson from Travelsupermarket.com said that travellers to the debt ridden country should take with them a number of different payment options. He referred to the Cyprus bailout in 2013 when some restaurants and shops would not accept card payments and many banks limited cash withdrawals.

The Greek finance minister, Yanis Varoufakis, has said that his country could run out of money in a matter of weeks. Greece owes a total of 323 billion euros and its economy has shrunk by 25 per cent since the start of the Eurozone crisis. The total debt is 175 per cent of the country’s gross domestic product. Sixty per cent of the money owed is to the Eurozone and 10 per cent to the International Monetary fund, IMF.

Greece has until the end of June to reach an agreement with its creditors. The financial situation was described as ‘terribly urgent’ by Mr Varoufakis. Eurozone member states are insisting that Greece makes a number of reforms in return for its bailout, one of which is to cut pensions.

Concerns continue that Greece might default on the money it owes to the IMF, although these have been somewhat allayed by the news that it has made part of a £750 million payment due on May 13.

Category: Money
This post was written by Evolution Money
Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 90 out of 100, based on 112 reviews over the past year. 112 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoThe Finance & Leasing Association is the leading trade body for the motor finance, asset finance and consumer credit industries in the UK.


Feeling social? Check out our social pages!

Tweet us on Twitter
Like us on Facebook
Pin us on Pinterest
Add us on Google+

Our Address

Evolution Money,
9 Portland Street,
M1 3BE

Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 8 St John Street, Manchester, M3 4DU. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

© 2018 Evolution Money | Privacy Policy | Cookies | Complaints Policy | Breaking Down Our Loans | Terms & Conditions
Apply Online
I want to borrow £

You will receive a call today to continue with your application.
Thank you for taking the time to fill in our online enquiry form. Unfortunately in this instance we won't be able to help as being a homeowner is one of our primary requirements.
Start Here
Please wait

Please wait

Don't leave just yet!

Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

Award Winning

Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

Back to Evolution