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Restaurants sit half-empty in Turkey this summer as inflation reaches 91% in places sending tourists and locals flocking to neighboring Greece (fortune.com)

submitted 3 months ago by MicroWave to c/world

31 comments fedilink hide all child comments

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.

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[–] NOT_RICK 57 points 3 months ago (3 children)

Looks like Erdy’s fiscal policy choices have come home to roost. Meanwhile Greece’s economy is doing great

[–] [email protected] 27 points 3 months ago (3 children)

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.

[–] [email protected] 21 points 3 months ago

He’s been doing that with the Kurds for years now

[–] njm1314 8 points 3 months ago

I'm sure another mysteriously failed coup was in the works any day now

[–] JustZ 1 points 3 months ago

That dude ain't never been bout no war. He's about being a loudmouth and being lavishly comfortable.

[–] [email protected] 17 points 3 months ago (1 children)

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.

[–] [email protected] 7 points 3 months ago

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.