In my last post I talked about how the worsening economy is leading to a surge of people booking their holidays to non EU holiday destinations. Non EU does not necessarily a country that is outside Europe – many European holiday destinations are outside of the EU. The EU stands for the European Union – a political and economic union of 27 member countries. There are still a number of countries within Europe that are not members – these may be worth considering when thinking about where to book your holiday as the Euro will not be used in these countries.
As mentioned before, it is the poor pound sterling to Euro exchange rate that is the main factor here, which has indirectly arisen because of the so called ‘credit crunch’. The value of the pound has fallen because foreign banks and businesses are no longer investing money in this currency, so to encourage people to invest from abroad the price of it has fallen in comparison to the Euro. This has meant the average cost of a holiday to a country using the Euro has risen significantly, leading the public to look further a field in their hunt for a cheap holiday.
There are several Western European counties that do not use the Euro – these are Iceland, Norway, Switzerland and Liechtenstein. In Eastern Europe there are more countries who have remained independent and not entered the EU – such as Croatia, Russia and Turkey.
Out of these, Croatia and Turkey would be both be excellent choices if budget is important. Switzerland is an excellent destination for a keen skier but typically this would be quite expensive anyway. Iceland is renowned as an expensive country due to its high taxes – a pint of beer costs around £6. Russia is also very expensive in some areas – Moscow for example is thought to be the Worlds most expensive city.