PIIGS

From The Free Forex Encyclopedia

Jump to: navigation, search

PIIGS is an acronym that was first used during the 1990's to refer to the southern nations that are part of the eurozone. The nations are the following: Portugal, Italy, Ireland, Greece, and Spain.

The term became popular during the 2007-2010 financial crisis, as these economies had high government deficits compared to other eurozone nations.


Related Articles:

Euro Zone Bailouts & the Three Little PIIGS

4 Reasons Why the European Stability Mechanism Won't Work

3 Reasons Why the Euro Rally Could Carry On

"He was a self-made man who owed his lack of success to nobody."
Joseph Heller
Clicky Web Analytics