Well there appears to be some good news for holiday makers and expats in Spain (unless you own a restaurant or a bar).
According to the Telegraph “Spain and Greece have been left in financial and social turmoil in the wake of the global credit crisis, but the cost of holidaying there has dropped by up to 40 per cent, according to latest research. The research found that local shops and restaurants had significantly dropped their prices in a bid to attract customers on the back of the crisis in the Euro. It calculated that the price of a basket of goods that holidaymakers often buy when abroad – including a local beer, a meal out, and a cup of coffee had dropped from almost £67 last year to less than £39 in 2010 in Portugal, making it the best value for money. Spain followed closely behind as one of the cheapest nations, with prices dropping from the same level to £39.50.”
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