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  • Brexit ‘Disaster’ Strikes Euro Tourist Hotspots as Pound Plunges

    From bloomberg.com

    It’s time for prayers, Irish restaurant owner Padraic Og Gallagher says, describing the prospect of Brexit with one word: “disaster.” About 40 percent of customers at Gallagher’s Boxty House in Dublin’s tourist district, Temple Bar, come from the U.K. Now, with the pound plunging, he’s worried. “I just had the first growth in seven years and now, Oh God, do I have to go through this again?” said Gallagher, 55, who has been serving boxty, a traditional Irish potato-bread dish, in the area since 1989. “The English are the cream -- they eat, they drink, they have fun.” The worry across Temple Bar, ... (full story)

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  • Comment #1
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  • Jun 30, 2016 5:04am Jun 30, 2016 5:04am
  •  Guest
  • | IP XXX.XXX.68.176
The silly thing about it is that the tourist industry was hurting before the referendum as I spent 6 weeks tripping around Europe and the common cry from everyone to do with tourism was please spend more money as we had a bad winter , even in Switzerland. So I would say a lot of them will go to the wall now.
 
 
  • Comment #2
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  • Jun 30, 2016 5:16am Jun 30, 2016 5:16am
  •  paddlepip
  • | Joined Sep 2014 | Status: Member | 178 Comments
Playing devil's advocate here: How do you think British shops that rely on EU tourism felt when the Euro plunged vs the GBP from '13 - '15?

Non-issue!
Corripe Cervisiam!
 
 
  • Comment #3
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  • Jun 30, 2016 5:40am Jun 30, 2016 5:40am
  •  Surikat
  • | Joined Apr 2015 | Status: Member | 3 Comments
Quoting Guest
Disliked
The silly thing about it is that the tourist industry was hurting before the referendum as I spent 6 weeks tripping around Europe and the common cry from everyone to do with tourism was please spend more money as we had a bad winter , even in Switzerland. So I would say a lot of them will go to the wall now.
Ignored
they keep saying this every year, they allways have excuses.
 
 
  • Comment #4
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  • Jun 30, 2016 5:47am Jun 30, 2016 5:47am
  •  courtneywild
  • | Joined Feb 2008 | Status: Member | 165 Comments
Stop bloody moaning and get better at what you do... that's the ONLY way forward. if your service is good enough a few pence of the value of the £ will make no difference. What do you want a bail out. Business is RISKY full stop so shut up or get a job.
 
 
  • Comment #5
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  • Jun 30, 2016 5:51am Jun 30, 2016 5:51am
  •  Spec_And
  • | Joined Oct 2013 | Status: Member | 186 Comments
Well get out of EU and have your own devaluation, that way you can be "cheap" again.
"Where you want to be is always in control, never wishing, always trading.
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.241.39
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  • Story Stats
  • Posted: Jun 30, 2016 4:44am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 2,183
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