@ChrisH - pretty soon we're all going to fired and all production will be moved to Antarctica where the work will be done by trained penguins. They work for fish, and they're just so gosh-darned cute! (And yes, I'm kidding...about the jobs, I mean - not about the "cute"... :-)

I'm surprised industries aren't relocating to Portugal to (ahem!) "take advantage of" their pro-employer wage levels. Perhaps moving heavy industry such as steel mills, ship yards, or car factories wouldn't be possible, but moving call centers or lower-investment manufacturing plants such as auto/truck tires, printing plants, and similar would be do-able.

@el.pescado - re: "crash testing of economics" - (cross look) was that supposed to be a pun? :-)