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Post by artisans on Mar 21, 2009 18:38:58 GMT 2
In spite of good relations between Russia and Greece it seems that Russian tourism, against all predictions, will be down this year. Again, it is the weakness of the rouble against the euro that is the main problem.
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Post by bigjohn on Mar 21, 2009 19:22:14 GMT 2
Looks as though the £ was in trouble also yesterday! Tourist rate against the Euro was £1.01
Bigjohn.
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Post by artisans on Mar 21, 2009 19:32:14 GMT 2
Hi John - it's 1.06 today with a Nationwide Flexaccount - about a 5% advantage. The thing to watch for is any sign that France & Germany give way to pressure from other eurozone members to devalue. It looks as though the US will try to force the devaluation by imposing import bans and other restrictive practices. They are trying to preserve their jobs and the eurozone is doing the same. In the meantime, the UK goes it alone ...
Steve
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