British holidaymakers warned to take cash to Greece amid debt crisis

Tourists warned bank machines and credit cards could stop working

Updated: 
British holidaymakers warned to take cash to Greece amid debt crisis


British holidaymakers are being warned to take cash to Greece in case banks switch off cash machines amid the growing debt crisis.

The Greek tourist board in London said tourists should avoid relying solely on cash ATMs and credit cards in the country.

According to the Daily Telegraph, travel experts recommend taking around three to five days' worth of spending money in euros, as well as debit and credit cards.

Greece has been left in financial chaos struggling to make repayments on loans taken out before the financial crash in 2008, which it now cannot repay.

On Monday, European finance ministers ruled out a big bail-out programme, similar to the action taken in 2010 and 2012.

The country relies on bailout money from the European Central Bank, but its government has been forced to implement tough austerity measures in return. Syriza, the country's left-wing government, has refused to implement further austerity measures, and wants a better deal for Greece, reports the Daily Mail.

If Greece is denied emergency funds from the Eurozone ministers to cover its summer debt repayments, it could opt to exit the Eurozone.

A default on debts could trigger a run on banks, leading them to turn off their cash machines.

While the Greek National Tourism Organisation said it was "business as usual", Bob Atkinson of travel supermarket.com, said: "If you're travelling to Greece in the next couple of weeks, keep an eye on the news, check the official travel advice and certainly take a mix of different payment options."

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