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If highly visible goods become more expensive it would not be unreasonable for tourists to take it as a signal that the destination has become more expensive. This could send the tourists to - perceived or actual - cheaper locations.

For that matter the fact that 1 drachma was so much smaller then 1 euro might have created an impression of cheapness. When exchanging money, you used to get lots of drachmas.

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by A swedish kind of death on Sat Feb 13th, 2010 at 05:05:34 AM EST
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