A broken euro would be great for tourism – here’s how to profit

Greece leaving the euro would be painful, but the drachma's return could be very profitable for the tourist industry. Matthew Partridge explains why, and tips four stocks to profit.

The doom and gloom predictions about what might happen if Greece, Spain or both quit the euro continue.

This time it's the turn of Greece's largest commercial bank, the National Bank of Greece. It thinks "an exit from the euro would cause a significant drop in the living standards of Greek citizens with a reduction of at least 55% in per capita income". At the same time, Turkey's finance minister thinks it would destroy confidence in non-EU markets.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri