WND column

Europe Closes Early

Years ago, I worked for an American technology company that derived about half its revenue from European customers. It used to amuse me how halfway through every August, the executives would start to panic because their sales were falling short of the projections which invariably failed to account for this month-long, continent-wide break. The executives would breathe a sigh of relief when business activity returned to normal in September, and they would completely forget anything had ever happened by December when they calculated the sales projections for the following year. Eventually, the second week of August would roll around, and the whole process would begin again. But when Europe closes, it’s usually just for the month of August.