Portugal, Italy, Ireland, Greece and Spain - PIIGS

Revision as of 18:54, November 9, 2008 (edit)
24.124.67.153 (Talk)
(References)
← Previous diff
Revision as of 22:13, November 9, 2008 (edit) (undo)
Advait - Sr. Director (Talk | contribs)
m (Reverted edits by 24.124.67.153 (Talk); changed back to last version by Advait)
Next diff →
Line 22: Line 22:
==References== ==References==
<references/> <references/>
-I suggest an acronym for a group of Central and Northern EU countries, including yours. 
-Belgium, Ireland, Czech Rep., Hungary, Estonia, Sweden. 
-I miss finding a country starting by a T... 

Revision as of 22:13, November 9, 2008

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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki