The Observer newspaper is calling on British travelers to prefer Greek destinations this year over others.

The Greek economy may remain on a growth trajectory and Greek bonds may already be trading as if they have investment grade, but Greeks will not be going on vacation because of... poverty.

The majority of Greeks choose their holiday homes - if they have one -, being hosted by friends or relatives - if they have a property in... privileged locations - or rooms for rent in order to be able to go on vacation this year. Few and in a single digit percentage are those who stay in hotels, most of which do not include meals in the accommodation package. In fact, almost half will cook many of the holiday meals, because eating out every day... doesn't work out.

The MSCI Greece index is the champion in returns this year with +35%, among all global stock markets, reports Morgan Stanley, in its analysis of the Greek economy. What it says, however, is that the data it examined show that the scope for further upside is significant.