The Bank of Greece has issued a report warning that the nation’s thriving tourism sector faces significant threats from both climate change and the negative impacts of overtourism. The report highlights concerns that these factors could undermine the long-term viability of Greek tourism, a crucial component of the national economy. Specifically, the central bank points to Greece’s heavy reliance on tourism as a source of economic vulnerability to external disruptions. The report, outlining monetary policy for 2025-2026, emphasizes the need to address these challenges proactively. Failure to do so could weaken the sector’s future performance and overall economic stability. The Bank of Greece suggests a need for sustainable tourism practices and climate resilience strategies.
