Visitors to Europe and residents who cross borders on the regular no longer have to think about money changing from country to country -- or do they? Greece's exit from the Eurozone likely won't be the only change that will happen in the region this year.
The years of half-measures, misguided policy and delusional stubbornness may finally be building up to crush the euro, like a cartoon snowball rolling downhill. Financial markets are clearly smelling an approaching debacle – the euro this week hit its lowest level against the dollar since mid-2010.
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Amadeus Taps Citibank as Partner for New Currency Exchange Tool for Travel Companies
Much of the travel industry uses currency pricing tools that haven't advanced much in a decade. The sector will welcome any new tools that can genuinely cut complexity, time, and costs during the ongoing revenue crisis. Enter Amadeus.
Sean O'Neill, Skift | 10 months ago
A Stronger Baht Worries the Thai Tourism Industry
Thailand's private sector frets about the baht being so strong, deterring tourism recovery. That's happened before but Thai tourism grew and grew. No need to be frightened.
Siraphob Thanthong-Knight, Bloomberg | 2 years ago
In Latest Brexit Woe, UK’s On the Beach Travel Sales Plunge
A drop in the value of the British pound relative to the euro and the dollar is pressuring On the Beach. Smaller players like this UK-based packaged-vacation seller can't afford the currency hedges and other benefits of scale that larger players can. More industry consolidation is likely as a result.
John Lauerman and Lisa Pham, Bloomberg | 2 years ago