But once we are here, we work for all euro area countries. Both of us have travelled extensively around Europe in order to learn about the different views, and to explain the European view to the general public.
The timing of the transfer of an investment into a foreign currency can be detrimental. A South African investor who may have transferred his savings into a sterling investment earlier this year when the exchange rate between the rand and the pound was R8.00 = £ could have lost 10 per cent of his investment within a very short period of time.