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Portugal, Italy, Ireland, Greece and Spain - PIIGS

RECENT NEWS
Watching Risk, Following the PIIGS
CNBC  Feb 13  Comment 
A look at whether the strength of the rally will continue and just how much risk is involved, with Warren Meyers, DME Securities. He also discusses Apple's climb.
Austerity Killing the PIIGS, Tweets Bill Gross
Wall Street Journal  Nov 8  Comment 
Bill Gross tweets about the PIIGS and austerity.
Multi-Notch Downgrade For Spain As Moody's Feasts On PIIGS
Forbes  Oct 18  Comment 
Moody’s announced it cut Spain’s sovereign credit rating two notches to A1 on continued vulnerability to market stress as contagion fears spread through financial markets.  The ratings carry a negative outlook.
Sovereign Debt Crisis, America, PIIGS “R” Us too?
Gold Stocks Today  May 23  Comment 
The title of this essay may be a play on words but the facts are nothing of the sort.  Indeed, the facts suggest that the financial position of the U.S. government may not be all that much better than the financial position of the ...
The Absolute Return Letter February 2010 If PIIGS Could Fly
HedgeAnalyst  Feb 16  Comment 
It was always naïve to believe that a crisis so deep and profound wasgoing to go away with a whimper; however, an increase of more than50% in global equity prices can be very seductive, and nine months ofvirtually uninterrupted gains have led...




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Advait Pandey

Pigs might also refer to our pork prices page


PIGS (also PIIGS) is usually used as an acronym in economics for the countries of Portugal, Italy, (and sometime Ireland), Greece and Spain where the consensus is that these countries are dragging down the trade performance of the Eurozone bloc. This term is used to define a country within the Eurozone which have larger current account deficits and higher unemployment compared to the rest of European Monetary Union.

All of the PIGS (PIIGS) have suffered a loss of competitiveness since the European Monetary Union, the EMU, was launched. The deficits have reached 10% of GDP in Spain and 14% in Greece in 2008.[citation needed] None has begun to narrow the gap in unit labour costs with other countries such as Germany and France, ensuring that the inevitable adjustment will be more severe when it comes. [1]



References

  1. ↑ Portugal,Italy,Greece and Spain, the pigs of europe are causing an outflow of Industry And Investment From The Eurozone
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