The Word Is: Cash is King! Discounts prevail, pensions and small hotels give most value; bus it to the beach; eat gyros and souvlaki and an Alpha Beer daily.
Euros and major credit cards are no problem for the savvy traveler in 99% of the venues. Lock your Cash in a sealed envelope in the Hotel room safe or the Hotel front office safe with any good jewelry. Take only what you need for the daily missions. Keep only one credit card on your body. Inform your card company bank that you wish to be informed of any purchase over $XXX.xx dollars via text.
Most of the restaurants on the Greek major tourist islands bring the Card Billing Machine to your table for you to swipe your card. Use the visible ATM machines in the front of the local bank windows. Avoid the ATM in Gas Stations or Beach Bars.
http://www.pensionhotel.co.uk/
$100 to $200 per day will get you a room in a pension, perhaps with a continental breakfast for two people. These prices are quite normal. The room will be in a smaller building with close proximity to the harbor, bus stations, restaurants and the port of Mykonos. Expect twin beds that might be a tad firm.
Here is the news on the ground: there are definite rip-off. Example this: Paranga Beach, on the north side of Mykonos Island is a great sandy cove beach with a small traverna. The beach vendor maintains the beach and offers Chaise Lounge Bed (2) and one umbrella at the sea edge. The ripoff price is 120 Euros. What? These should be no more that 5 Euros each or 25 Euros max! I would expect a full body massage at those inflated prices.
A cocktail at the Little Venice area in Mykonos Town, a trendy nightlife spot, will set you back $20.00. Note, the tip is included, thank goodness. Shopping will be a task in the evening well-lit narrow white cobblestone streets of Mykonos. Look for up to 20% cash buyer discounts on jewelry and clothing.
The Mykonos traveler will find that they are in an insulated world from the confusion and news of the day. Make the most of it and like Zorba, ” live for the day”! Opa.