It took 10 years of slow disappointing growth in order to assimilate the 20 million people of East Germany and bring them up to the productivity levels of West Germany.
How many years will it take for Germany to assimilate more than 100 million of Italians and Spaniards and raise their productivity to the levels of the northern European countries?
Answer: it will never happen in our lifetime.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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