From someone who lived in an olive country for many years

Northern Europeans go to Greece, Italy, Spain, Portugal to have fun. To relax. To unwind. To enjoy the warmth and nonchalance of the people. To forget about business. To regain perspective of what is the real meaning of life. The beaches. The sun. The tanned bodies. (Click on the picture to enlarge it).

It is much more likely that the northern European countries adapt to the work ethics of the Mediterranean countries than the other way around.

For this reason if the Euro survives it will have to devalue. And devalue. And devalue.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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