Dezi
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Hi, unfortunately overnight Standard & Poor have downgraded the prospects for Italy by another notch.
This means that it’s probable that Italy will soon need a bailout like Greece -Portugal - Ireland.
If this happens then I expect the Italians to halt all credit card transactions for foreigners, as per 2008.
In 2008 thousands of us were not able to withdraw cash on our cards for a couple of days, this time it might well be longer.
If, like us you are travelling to Italy in the near future then you might consider taking extra Euros, & possibly some Travellers cheques.
Link below
AFP: Standard and Poor's downgrades Italy debt rating
Dezi :idea:
This means that it’s probable that Italy will soon need a bailout like Greece -Portugal - Ireland.
If this happens then I expect the Italians to halt all credit card transactions for foreigners, as per 2008.
In 2008 thousands of us were not able to withdraw cash on our cards for a couple of days, this time it might well be longer.
If, like us you are travelling to Italy in the near future then you might consider taking extra Euros, & possibly some Travellers cheques.
Link below
AFP: Standard and Poor's downgrades Italy debt rating
Dezi :idea: