Half of Britons think euro will fail by summer
Eurozone debt crisis has caused confusion among holidaying Brits.
Holiday money advice
Half of Brits think the euro currency will break up by the summer Photo: ALAMY
Emma Wall
By Emma Wall
11:35AM GMT 23 Feb 2012
Comments83 Comments
Two thirds of Britons think that the eurozone single currency will collapse in the future, with half of those queried predicting the euro would fail before this summer. Consumers said they thought Greece and Italy would be the first countries to leave the euro.
A report from currency specialists Travelex revealed that holidaymakers were unsure as to whether the euro was still legal tender in Portugal, Greece or Italy.
Travelex said that the ongoing eurozone debt crisis had caused confusion as to the future of the single currency, resulting in many holidaymakers planning to take francs and other past tender away with them this summer.
Anthony Wagerman, of Travelex said: “Brits are unsurprisingly confused by currency, but with the ongoing concerns over the future of the single currency that’s understandable. We’d urge anyone travelling abroad to check their facts first because despite the speculation they still only need to be taking one currency when they go to the eurozone and that’s the euro.
“Whilst there is a lot of speculation about the Eurozone at present, none of us can predict what is going to happen. If Greece or another country were to fall out of the euro, it wouldn’t necessarily mean other countries would, so the euro would still be valid."
The report also revealed that Britons are just as confused about more local currencies, with one in ten questioned believing that Wales has its own tender. Forty per cent believed that the Isle of Man had its own currency too.
Eurozone debt crisis has caused confusion among holidaying Brits.
Holiday money advice
Half of Brits think the euro currency will break up by the summer Photo: ALAMY
Emma Wall
By Emma Wall
11:35AM GMT 23 Feb 2012
Comments83 Comments
Two thirds of Britons think that the eurozone single currency will collapse in the future, with half of those queried predicting the euro would fail before this summer. Consumers said they thought Greece and Italy would be the first countries to leave the euro.
A report from currency specialists Travelex revealed that holidaymakers were unsure as to whether the euro was still legal tender in Portugal, Greece or Italy.
Travelex said that the ongoing eurozone debt crisis had caused confusion as to the future of the single currency, resulting in many holidaymakers planning to take francs and other past tender away with them this summer.
Anthony Wagerman, of Travelex said: “Brits are unsurprisingly confused by currency, but with the ongoing concerns over the future of the single currency that’s understandable. We’d urge anyone travelling abroad to check their facts first because despite the speculation they still only need to be taking one currency when they go to the eurozone and that’s the euro.
“Whilst there is a lot of speculation about the Eurozone at present, none of us can predict what is going to happen. If Greece or another country were to fall out of the euro, it wouldn’t necessarily mean other countries would, so the euro would still be valid."
The report also revealed that Britons are just as confused about more local currencies, with one in ten questioned believing that Wales has its own tender. Forty per cent believed that the Isle of Man had its own currency too.
