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Portugal, Italy, Greece and Spain - PIGS

RECENT NEWS
Airliner smashes into wild pigs during take-off
Sydney Morning Herald  Nov 5  Comment 
Zimbabwe's transport ministry says one of the national airline's planes collided with five wild pigs on the runway in the capital during takeoff.
From pigs to prawns and profits
New Straits Times  Nov 4  Comment 
PORT DICKSON: The Japanese encephalitis and Nipah virus which devastated Low Chong Ming's pig farm a decade ago proved to be a blessing in disguise.
Russian banks count pigs, bras and knickers as debtors' collateral
Sydney Morning Herald  Oct 27  Comment 
When Russian billionaire Alexander Lebedev’s OAO National Reserve Bank seized collateral offered against a loan from a cash-strapped borrower, a health quarantine was slapped on the security: 40,450 pigs.
Three Pigs May Be the First in the U.S. With Swine Flu
New York Times  Oct 17  Comment 
The Minnesota pigs tested positive for the virus, said the Agriculture Department, though it cautioned that the results were preliminary.
Minnesota Pigs Tested for H1N1, May Be First in U.S.
Bloomberg  Oct 16  Comment 
(Update2) Three pigs from the Minnesota state fair have been “tentatively identified” as having swine flu in what may be the first U.S. cases of the H1N1 virus among domestic livestock.
Chef Corrigan Welcomes Happy Pigs; Win Dinner at El Bulli
Bloomberg  Oct 7  Comment 
Richard Corrigan, chef, restaurateur and raconteur, has invited his Irish farmer friends and their pigs for the Big Roast, a mass lunch at Leadenhall Market this Sunday for the London Restaurant Festival. I’m told the happy pigs have been...
Swine-Flu Slaughter Leaves Cairo Without Pigs to Devour Trash
Bloomberg  Sep 28  Comment 
Egypt’s pigs are getting their revenge.
Quarterly Hogs and Pigs
USDA NASS  Sep 25  Comment 
U.S. Hog Inventory down 2 Percent....
Belatedly, Egypt Spots Flaws in Wiping Out Pigs
New York Times  Sep 19  Comment 
When the government killed the pigs in Egypt in an attempt to combat swine flu, it was warned that Cairo would be overwhelmed with trash. Now, it is.
Pigs’ Trotters Star at Selfridges Pop-Up Eatery: Richard Vines
Bloomberg  Aug 12  Comment 
Pierre Koffmann, 60, a legend among younger chefs in London, is already preparing the menu for his October pop-up restaurant on the roof of Selfridges in London.
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Advait Pandey

Pigs might also refer to our pork prices page


PIGS is usually used as a belittling acronym in economics for the countries of Portugal, Italy, 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 as compared to the rest of European Monetary Union.

All of the four PIGS have suffered a relentless loss of competitiveness since the European Monetary Union, the EMU, was launched. The deficits have reached 10pc of GDP in Spain and 14pc in Greece in 2008. 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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