Kasz216 on 01 December 2010
| kowenicki said: Commonly referred to in economic circles as the PIGS. Portugal, Italy, Greece and Spain. Dont shoot the messenger.... it is a VERY widely used term in economic circles. http://en.wikipedia.org/wiki/PIGS_(economics) http://news.bbc.co.uk/1/hi/8510603.stm Probably PIIGS now if you chuck Ireland in, The euro is a flawed model and was always going to falter. You cannot have one fiscal policy for such diiverse economic situations, some mature, some far from mature. e.g. Germany and Greece. Thank God we didnt join.... |
See... and I was going to suggest Spain might also need a bailout but I didn't want to upset the Spanish. Ha. Go figure.
