Dear Friends,
What do you think about the current situation of the European economy ?
The European economy is in much worse shape than US. If you want an idea look an Japan that refuses to take it's proper medicine and wwrite off bad investments( in is in the culture) and try to muddle through.........how has that worked for them? Then you need to look at demographics. I just spoke to someone from Italy who told me that civil servants can retire at full pention at 45. Do they you think they will give this up, or will it have to be taken away from them. Just some thoughts