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Later the article says it's due to management, not IT. I agree that in the 60s-70s there was a tremendous difference (hence the massive migrations from e.g. Por
by icebraining 7y ago
Later the article says it's due to management, not IT. I agree that in the 60s-70s there was a tremendous difference (hence the massive migrations from e.g. Portugal to France and Germany at the time), but I think there was also some convergence in the 90s. I fear the divergence has just been increasing from then on.
- tim333 7y agoThe Euro crisis didn't help of course. Many used cheap Euro loans to buy overpriced property in the bubble. That doesn't really go away till the mortgages are paid off in a decade or two.