23% discount in three Greek marinas

[jadwhite]

Med Marinas are offering a 23% discount to anybody booking and paying in full for an annual berth in Lefkas, Gouvia or Kalamata marinas by 30th June 2012. The offer also includes 30 days free mooring in any of the other two marinas. Elec and water are included. See www.medmarinas.com

 

[sunshinesailing]

Greek Marinas 23% discount

It may not be prudent to pay in advance for marina berths in Greece at this time. Reuters shows that between May and October of this year Greece has an additional 14 billion in bonds to redeem. The funds required for these redemption are not covered in Bail Out #1 or Bail Out #2. Greece has to raise the funds for this internally which means VAT receipts. Is it a co-incidence that the 23% discount offered is the same as the 23% VAT rate? The Greeks will most likely continue to not remit VAT resulting in good deals for berth holders until the cards fall. You may benefit from paying for your berth later when New Drachma may be the official currency of Greece.
At some point we who pay tax in the EU will have to stop helping Greeks play their games or be stung by their default.
Smooth sailing