Nonetheless it is considering tolerating them, as we are told by Air Genius Gary Leff. Here is one short bit:
The tourism minister says that even though the Greek Prime Minister is attacking all-inclusive resorts as it identifies problems with the country’s economy, it has no plans to make crackdown on these properties ‘its mission’.
How reassuring. Greece needs some Very Serious People in charge! Right now it doesn’t have them. And as you know, one thing worse than the Very Serious People is…the Not Very Serious People. I think someone told them that all-inclusive resorts might drain off domestic aggregate demand (p.s. investment matters too, including for demand).
Oh, had I mentioned that tourism provides 15% of Greek gdp? (higher by some estimates, perhaps up to 20%). I’m all for debt forgiveness in this context, but right now the Greeks need to get serious or they will tumble off the cliff and soon.