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PIGS is a derogatory acronym that has been used to designate the economies of the Southern European countries of Portugal, Italy, Greece, and Spain. [1] [2] [3] [4] [5] During the European debt crisis of 2009–14 the variant PIIGS, or GIPSI, was coined to include Ireland.
22 lip 2024 · PIIGS is an acronym for Portugal, Italy, Ireland, Greece, and Spain, which were the weakest economies in the eurozone during the European debt crisis.
12 gru 2014 · The term PIGS (or sometimes PIIGS, including Italy) seemed to capture something about countries that were at the epicentre of the European financial crisis. All had experienced a severe economic downturn, budgetary and debt crisis, and intervention by international institutions.
21 sie 2024 · At first, the acronym was PIGS without including Ireland. Starting in 1999, European Union members began to issue and utilize the same currency (the Euro). And hence, with the nations conforming to these standards, the debts issued by the individual members of the union began to merge.
19 lut 2013 · These countries, often known by the acronym “PIIGS”, are not the only European countries to have experienced significant economic difficulties as a result of the global financial crisis.
2 cze 2010 · As much force comes from the Nordic Core power center to push the PIGS nations away from the common European financial structure, as does the force from the PIGS nations to sever ties and go it alone. A German banker contact has repeated an important point on numerous occasions.
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