Puhlease….

This article in the Guardian tries to make me feel sympathetic for the poor poor Brits who now, instead of paying 67 pounds for €100, have to pay (gasp) 78 pounds! (that’s $146 and change for us yanks).

fistfull_of_euros
Basically the whole article is how this will ruin the Brits’ ability to have obscenely cheap vacations, and to built castle-esque vacation homes in places like here in Spain.

‘This is having quite an impact over here,’ said Kevin Mountford, a financial expert at Moneysupermarket.com. ‘From a tourist perspective, you now have to be careful not to leave your currency exchange until the last minute.’ A meal for two in a typical French restaurant with drinks and coffee at the end of last year would have cost £52 on average, according to price research from the Post Office. The same meal just a few months later would now cost £60.

….People looking to buy property overseas will also be affected by the sharp drop in the value of sterling. A €150,000 house in Spain a year ago would have cost a UK buyer £105,000; now it would cost £120,000. ‘On the positive side, the cost of property has fallen in many European countries, but the problem is that any gains are now being offset by this poor exchange rate,’ said Mountford. ‘On the flip side of the coin, friends going to the US for their holidays are now enjoying better value for their money than ever.’

Yup, with the pound still bitch-slapping the dollar 2-to-1, I can’t quite squeeze out that tear for them.

Just a thought: I think the thing that kind of irks me about the whole holidays-in-super-cheap-places industry (not that I haven’t enjoyed those destinations in the past) is that in a way it encourages a visitor to root against a host country’s economy, against their development. I mean, if the rest of the world gets it’s shit together and all these countries develop and grow and become lovely Scandinavian-esque places to live, where, oh where, will the British build beach colonies?

Oh right, Florida. 🙂

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