2016-05-29theguardian.com

"It's a miracle, what's been happening in Athens," Greece's tourism chief, Andreas Andreadis, told the Observer. "The tourist industry in Greece grew two to three times faster than in Spain, Portugal, Italy or France last year. This year we expect around 4.5 million visitors in Athens alone."

For an economy stuck in depression-era recession, dependent on emergency bails and seemingly locked in a perpetual fiscal vice, tourism is vital. A record 23.5 million holidaymakers visited Greece in 2015 -- generating €14.2bn in direct receipts, or 24% of gross domestic product. In 2010, at the start of the country's debt crisis -- which has seen it struggle to avert default and remain in the euro -- revenues from tourism were €10bn, or 15% of GDP.

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Much of the upsurge is linked to Greece's safety record. Tourists are staying away from resort in Egypt, Tunisia, Turkey and elsewhere in the wake of high-profile attacks. Countries whose economies are also dependent on holidaymakers have suffered incalculable damage following a severe drop in arrivals. Travel advice from governments and fears of fresh violence are simply keeping tourists away.

... it could not come at a better time: tourism provides one in five jobs in Greece, at a time when unemployment in the effectively bankrupt nation has hovered stubbornly around 25%. Youth unemployment stands at an astonishing 67%.''



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