Thursday, 26 March 2009

mon cher

One of the serious knock on effects of economic turmoil is exchange rate fluctuation. When we moved out here it was roughly 1.5x, which now feels like a dream. A coffee that cost €3 would equate to £2, a meal that cost €10 would equate to £6.65. Given we hover around parity everything has increased in price by one third.

Those working in tourism appear confident that 'le crise' will not affect them. However, when I explain this basic shift in economics they begin to worry and appreciate that perhaps even St Jean de Luz may be affected by world affairs, certainly in terms of foreign visitor volumes.

Basque of the day:- money :: diru