eTN, Apr 15, 2008

Like other Mediterranean economies with major tourism, Greece was set to suffer from a “financial crisis in Europe” and the euro’s strength against the dollar, Spiliotopoulos told journalists.

Tourism is Greece’s most important industry after merchant shipping. A busy international sports timetable this year, with the Olympic Games in Beijing and the European Football Championship in Austria and Switzerland, also coincides with the tourist season to Greece’s disadvantage.

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