QUOTE(greekcypriot @ Jun 17 2012, 12:51 PM)

Papovich hi, and welcome to TravelPod.
I think the trip you plan to have is fantstic.
Another alternative is to fly to the different European countries that really you want to visit instead of hiring a car. There are budget companies and with few money you can visit Britain, Italy, Spain and many others.
In this way you will have much time to do a nice sight-seeing tour and see in detail the places that interest you and move on to the next destination.
I hope this helps.
Popi
Thanks for the advice, but I like "drifting myself" around not bound to departure times or schedules. Driving is my life my profession and my passion. While driving around the roads you may sometimes get a better sightseeing than you could have by visiting the common places.
There are few things that bother me though:
Do i need some kind of permit to enter certain countries in Europe? I live in Israel and my knowledge is as minimal as buying a plane ticket and getting on the flight. So i would like to know if i need to do any preparations.
Since i didn't finish planning my route yet (just starting) are there any recommended locations i should strive to visit?
What measures should I take to ensure i keep myself safe from failures (how should I carry all the cash I'm taking for expenses and what should i beware of)