Restaurants sit half-empty in Turkey this summer as inflation reaches 91% in places sending tourists and locals flocking to neighboring Greece
Restaurants in some Turkish holiday towns are sitting half-empty in peak tourist season, as many locals find it’s cheaper to holiday in neighboring Greece than stay and eat in one of their own country’s world-famous resorts.
Angry citizens have taken to social media to share their bills, including the equivalent of $640 for food and drinks for five people in Bodrum and $30 for five scoops of ice cream in Cesme. Meanwhile from Mediterranean Greek islands just a few kilometers away, their fellow Turks boast they’re paying far less than prices at home.
“There’s a huge difference between the service and product quality, as well as prices here and there,” said Murat Yavuz, a retired Turkish banker who regularly visits Greece. “Restaurants here have used inflation as a pretext to push up prices.”
Restaurant and hotel prices rose by an average 91% in June from a year earlier, topping already eye-watering headline inflation of 71.6%. The sector constitutes a third of the services economy that the central bank has highlighted as a particular cause of concern in its fight against spiraling prices.
Looks like Erdy’s fiscal policy choices have come home to roost. Meanwhile Greece’s economy is doing great
I'm sure we're not very far from Erdogan blaming a minority and maybe stirring up a small war.
There's a manual somewhere; "Despotism for Dummies" I think.
He’s been doing that with the Kurds for years now
I'm sure another mysteriously failed coup was in the works any day now
That dude ain't never been bout no war. He's about being a loudmouth and being lavishly comfortable.
Isn't Greece pushing a 6 day work week though? It's certainly significantly better than Turkey's but having to push that does not make it seem great.
Companies may offer employees a sixth working day for 40% more pay, 115% on Sundays and holidays. Maximum weekly hours are 48.
They're saying it's a push to combat overtime moonlighting and human trafficking (both an issue in Greece), from another perspective it makes their laws similar to the German ones. Modulo the 40% for the sixth day, our basic rules here are "max 8 hours a day and not on Sundays", that's also six days and also 48 hours. Short-term 60 hours are possible if the 24-week average still stays at 48.