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Greece: Tourism - The Last Refuge

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Fabian ChristJuly 27, 2011

Greece has been bailed out - for the time being. The EU and the IMF have come up with two aid packages adding up to 219 billion euros. But how will Greece pay back its debts? The country's economy relies heavily on tourism. This summer the Greek islands have toted up 30 per cent more vacationers than usual. But the travel industry alone can't pull Greece out of the red.

Tour operators say that, in general, their business is actually better than in previous years. MADE IN GERMANY reporter Holger Trzeczak took a look around Crete, one of the most popular islands, to check out the local mood in light of the most recent aid package.
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