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Going to Greece? Don't panic!Going to Greece? Don't panic!

Navigate through the growing confusion about what will and won't happen with our clear-cut guide.

With words like 'drachmageddon' and 'Grexit' being bandied around (both referring to the prospect of Greece being booted out of the EU and reverting to the drachma as currency), many travellers are left scratching their heads about whether to take that cut-price Greek holiday.

"Nothing has changed, least of all legendary Greek hospitality, which has embraced millions of visitors over the years, including a record 16.5 million in 2011," the recently appointed Greek minister of culture and tourism, Tatiana Karapanagioti, says in an official statement.

With this in mind we consulted the Greek embassy in London, the British Foreign and Commonwealth Office (FCO) as well as a raft of Greece travel specialists. The general consensus? It is business as usual in Greece this summer, and in many ways the timing has never been better to visit, with many tour operators slashing their prices to tempt travellers with incredible value over the high season.

But what about riots and civil unrest?
Although civil disorder was a big issue earlier this year it has abated, especially not on the Greek islands where holidaying Britons tend to spend their time most. The FCO warns that if demonstrations were to occur, they normally take place around Syntagma Square in central Athens, and advises travellers to avoid demonstrations and protests altogether.

And strikes?
Strikes are currently very rare and according to the FCO no major strikes are planned. The website is a great source of confirmed industrial action while Athens International Airport provides flight-specific strike information and the official Piraeus Port Authority website supplies ferry-related updates.

For further peace of mind, book your trip through an ATOL tour operator and check that your travel insurance policy includes provision for cancellation and curtailment for strikes (many don't to offer a cheaper premium).

What about the imminent elections?
With the Greek parliamentary elections on 17 June around the corner, international analysts expect this to be a watershed moment in the country's modern history. Especially with regards to Greece's relationship with the euro.

But leaders from the two opposing parties have both vowed to keep the country in the Eurozone, albeit through very different approaches. The online version of the daily Kathimerini newspaper runs continuous updates on the elections.

What if Greece leaves the eurozone?
The so-called "Grexit" and potential upheaval as a result is currently the biggest concern for most travellers. But even in the unlikely event that Greece does separate from the euro and reverts to the Greek drachma, whether forced or voluntarily, that divorce is likely to unfold over several months and as such won't impact travellers much.

According to Christos Stergiou, a Stanford-educated economist-turned-Greek-travel specialist (and the founder and CEO of TrueGreece), neither the Europeans nor the Greeks want Greece to exit the eurozone and "when two parties do not wish for a certain outcome to occur, that outcome is unlikely to happen," he explains. The AthensNews is a good source of local information on the country's financial challenges.

Should I be concerned about a bank run?

The international media have been speculating about an imminent Greek bank run for months, and although it remains very unlikely it cannot be ruled out completely.

Thomas Cook advises travellers to Greece to carry small denomination euro notes (that is, €5, €10 and €20 notes) and to use a prepaid euro debit card, which is widely accepted by retailers.

Do I need to be concerned about earthquakes?
Earthquakes occur around the world all the time. Not surprisingly Greece has also seen its fair share of seismic activity over the years, some of it as recently as this month.

Although the country has experienced some serious earthquakes, most are small tremors barely registering on the Richter scale.

For the full low-down on all recent seismic activity turn to The Institute of Geodynamics at the National Observatory of Athensand for a comprehensive guide on what to do in the unlikely event of a serious earthquake while in Greece use this handy guide.

What about any general tips for my Greek holiday?

Christos Stergiou recommends that as a precaution travellers purchase "cancel for any reason" travel insurance for a small premium and to carry some extra euros with them while in Greece, just to be extra-cautious.

"In fact, I would recommend that for travelling to any country in the world in general," he concludes.