With a strong Aussi dollar and feeble international currencies it is time to think about making a move:
Perhaps time now to think about planning for (but not yet paying for) a holiday in Greece.
Or maybe wait for a while for a trip to Japan. Currently running a trade deficit – the first since 1980 and with a strongly contracting economy a question needs to be asked. Is it the next looming crisis?
Actually I’ve been thinking about the Amalfi Coast in Southern Italy. Although the world’s 8th largest economy is sliding into recession and has a massive debt to GDP ratio (115%) it doesn’t offer the same immediate future prospects of a cheap holiday as Greece but still it looks pretty good. The scenery fantastic and the Italian seafood something to die for. I can practise my meagre Italian….
The ability to find joy in the misfortunes of others. It isn’t amorality but a direct consequence of studying economics and thinking about tradeoffs and opportunity costs..
Try Turkey – the Turkish lira is heading towards 2:1 and the coast south of Kusadisi, Bodrum, Fethyie, Maramas,Kas is fabulous! Or if you do go to Greece you can ferry over to Kusadisi from Samos or from Rhodes to Bodrum Cheers
I know you are a fan of Turkey RH so I will look into it. Best.
Italy will remain more expensive than most middle income countries (Thailand for example) unless it leaves the Euro surely?