TOL:-
Negatives:-
1. Super Mario is still trying to do what it takes
2. Elderly population
3. Expensive
4. Weak Euro
5. European Contagion Risk
Positives:-
1. Lower energy bill
2. Increased Tourism due to weak Euro
3. Higher exports due to weaker Euro
4. Low interest rates
My conclusion:-
It's all about "how much you made when you were right" & "how little you lost when you were wrong"