PIGS (economics)

PIGS (economics)

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legend|#a8dcc0|non-EU member with currency pegged to the euro (Bosnia and Herzegovina)PIGS is a pejorative acronym for the economies of Portugal, Italy, Greece and Spain, [ cite news
last= Von Reppert-Bismarck
first= Juliane
url= http://www.newsweek.com/id/143665
title= Why Pigs Can’t Fly
publisher= Newsweek
date= July 7-14, 2008 ] Eurozone countries who have had sluggish economic growth compared to others such as Germany. [ cite news
url= http://www.economist.com/opinion/displaystory.cfm?story_id=11496844
title= Ten years on, beware a porcine plot
publisher= The Economist
date= June 5th 2008 ] The PIGS suffer from large current account deficits and high unemployment. [ cite news
last=
first=
url= http://www.economist.com/displayStory.cfm?source=hptextfeature&story_id=11487440
title= The ECB at ten: A decade in the sun
publisher=The Economist
date= June 5th 2008 ] The Economy of Ireland is sometimes added as an additional "I." [ cite news
last= Smith
first= David
url= http://business.timesonline.co.uk/tol/business/columnists/article3998560.ece
title=Reform failures may still kill off the euro
publisher= The Sunday Times
date= May 25, 2008 ]

References

ee also

*European Central Bank
*Enlargement of the eurozone
*Globalization
*Union for the Mediterranean


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