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Athens Airport Passenger Traffic Drops 5.4% as Economy Slumps

Athens International Airport SA said passenger traffic in the first eight months of this year fell 5.4 percent as the economic crisis hurt domestic travel.

The number of people passing through the country’s biggest airport dropped to 10.1 million, from 10.6 million a year earlier, according to the statement on the company’s website today. Domestic passenger numbers declined 12 percent, to 3.4 million, and international traffic fell to 6.6 million from 6.7 million, the statement said.

Greek travel spending has been hit by the economic crisis, the company said. Strikes, especially in the transportation industry “negatively affected” tourist arrivals and hurt the capital’s image, according to the statement. Taxi drivers were on strike for almost three weeks at the height of Greece’s tourist season and have resumed industrial action this month with a 24-hour walkout scheduled for tomorrow.

In August, the number of domestic travelers was down 4.1 percent, at 533,112. International traffic fell for the first time in five months, down 2.4 percent to 1.1 million euros.

The government passed a 28 billion-euro ($40 billion) package of extra austerity measures in June and European leaders agreed on a second aid package for Greece after a 110 billion- euro European Union-led bailout in May last year failed to convince that the country could avoid a default.

Tourism, Greece’s biggest industry, will account for almost 16 percent of gross domestic product and almost one in five jobs in 2011, according to the London-based World Travel and Tourism Council.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

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Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.00% 3.95%
30 Year Fixed 3.67% 3.51%
15 Year Fixed 2.80% 2.74%
10 Year Fixed 2.91% 2.97%
30 Year Fixed Refi 3.65% 3.50%
15 Year Fixed Refi 2.80% 2.71%
5/1 ARM 2.60% 2.61%
5/1 ARM Refi 2.60% 2.56%
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Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.35% 5.24%
$50K HELOC 4.56% 4.60%
$75K HELOC 4.57% 4.54%
$100K HELOC 4.27% 4.27%
$30K Home Equity Loan 5.95% 6.06%
$50K Home Equity Loan 5.97% 6.02%
$75K Home Equity Loan 5.94% 5.98%
$100K Home Equity Loan 5.80% 5.84%
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Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.23% 1.21%
2 Year CD 0.70% 0.66%
1 Year CD 0.57% 0.52%
MMA $10K+ 0.47% 0.50%
MMA $50K+ 0.69% 0.71%
MMA Savings Jumbo 0.58% 0.60%
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Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.98% 2.94%
48 Months Used Car 2.93% 3.12%
36 Months Used Car 2.87% 2.96%
72 Months New Car 2.43% 2.98%
60 Months New Car 2.53% 2.68%
48 Months New Car 2.44% 2.60%
60 Months Auto Refi 4.16% 4.37%
36 Months Auto Refi 3.61% 3.77%
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Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.53% 15.46%
Platinum Fixed 12.70% 12.70%
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