Greek financial crisis

Pay attention to news this weekend, they are voting on Sunday.

Honestly, it's not worth worrying about something you have no control over? It's travelers to Greece, not Italy, who have some concerns to manage (i.e. recommendations to acquire a stockpile of euros before they go). See the Greece forum.

The U.S. dollar to euro exchange rate - which is the best it has been in years - may very well become even more favorable as I'm seeing some very early reports of drop in value in overseas markets. That, of course, is not good news for our friends abroad.

But there's no crystal ball here so go with the flow.

I agree, the only effect you might see for Italy is a better exchange rate for the Dollar. Issues for travellers should be isolated to Greece, at least in the short term. I also would agree that if you were going to Greece soon, consider taking 500-1000 euro with you, or at least what you might be comfortable with.

There is the theory that if Greece left the euro, its value would actually rise.

There never is any "telling" in advance. Exchange rates are always on the move.

Yeah, hard telling, it might be a good bet that the euro would rise if Greece were to exit, but my guess is that the process of exiting would not be immediate, the euro nations would still be carrying a bunch of debt, and there are other issues in the euro=zone (Italy, Spain, Portugal) that would mean a longer term rise. For what it is worth, if I were to reveal my crystal ball, I consider anything under $1.20 a deal, so the euro has a ways to go.

it might be a good bet that the euro would rise if Greece were to exit,

But a good argument could be made that Greek's departure could make investors fear that the whole Euro zone was more likely to collapse, driving the euro down. No one knows.

National news tonight said to have a bundle of US dollars on you in Greece. With little of their own money circulating, they are taking US currency.

RS recommends carrying US dollars on travels. If the local currency fails, he says that US dollars will support you through the crisis.

I'm an analyst and read finance news hourly for years.

Immediate exit of Greece from the EU would have little impact on the Euro for somebody on vacation while in another country that uses the Euro. I wouldn't worry about it.

I would not worry so much about what is happening in Greece. Italy has a lot of it's own problems with strikes and Rome airport is still a mess. The Euro seems to be holding pretty steady since we were there in May. I would just keep track on the Italian Forum what is happening in Italy. People have a lot of great advice on this Forum.

While Italy is one of the "piigs", it's a little one compared to the "g" of the "piigs".

See the US Today April 2015 article:
http://americasmarkets.usatoday.com/2015/04/21/three-little-piigs/

....those nations still have pretty high debt-to-GDP ratios:
Portugal, 130%
Italy, 132%
Ireland, 110%
Greece, 177%
Spain, 98%
In contrast, the U.S. debt to GDP ratio is 71%.
Currently, the U.S. — one of the most creditworthy countries in the world — pays 1.91% on 10-year Treasury securities. How does that stack up against the PIIGS? With the exception of Greece, which is tottering on default, and, to a lesser extent, Portugal, not terribly well:
Portugal, 1.97%
Italy, 1.44%
Ireland, 0.72%
Greece, 13.4%
Spain, 1.45%

As you can see from the quantitative data, Greece is in a category of its own.