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Sunday, November 8th, 2009

Europe feels America’s pinch

July 1, 2008 by moneypenny  
Filed under Personal Finance

Europe feels America’s pinch

I’ve lived in Europe for a decade, and visited it for much longer than that. My city, Rome, Florence and London were always packed with American tourists and in Britain, this lean year, foreign visitors spent about $7.5 billion in the first six months of the year, the British Tourist Authority said, but less Americans came.
In Italy, where the number of American visitors was down 11 percent this year in the art cities of Rome, Florence, Venice and Naples, tourism employs about two million Italians and accounts for about one-twelfth (or much more if the …read more


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