From the Chicago Tribune this article discusses the lack of American tourists and its affect on European retailers. The emphasis on the closing of American Express offices does not reflect reality. It is our understanding that the change (increase) in American Express' discount rate it charges retailers and the subsequent reaction of retailers to not take the card had more to do with the closing of the offices than the lack of tourists. The Paris Opera American Express office has been closed for several years. If you are traveling to Europe don't leave home without your Visa card. It is universally accepted. And the wide spread availability of ATM machines for currency exchanges at decent rates sealed American Express' European fate.
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