New contracts to cover possibility of Greece leaving eurozone
Tui says that it has asked hotels in Greece to sign new contracts showing how the operator would pay its bills in a new currency if the country left the eurozone. A Tui spokesperson described the letters as “good housekeeping”.
“We’re seeking to make sure that we don’t lose out in any potential change in the country’s economic circumstance. We expect the hotels to know their contracts and we are seeking clarification that the contracts are understood by them,” the spokesperson said. “We want the contracts to reflect the currency change so that we don’t lose out if there is a devaluation. We will pay in drachma if Greece brings it back as a new currency – we want to be sure that the company will not lose out.”
[pictured: Santorini; courtesy Visit Greece]