PIGS (economics): Difference between revisions
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Revision as of 07:23, 5 August 2008
Eurozone countries
ERM II members
EU member with currency pegged to the euro (Bulgaria)
EU members with free-floating currencies
non-EU members with free-floating currencies
non-EU members using the euro (Montenegro, Kosovo, Andorra, UK Sovereign Base Areas)
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,[1] Eurozone countries who have had sluggish economic growth compared to others such as Germany.[2] The PIGS suffer from large current account deficits and high unemployment.[3] The Economy of Ireland is sometimes added as an additional "I."[4]
References
- ^ Von Reppert-Bismarck, Juliane (July 7–14, 2008). "Why Pigs Can't Fly". Newsweek.
{{cite news}}: CS1 maint: date format (link) - ^ "Ten years on, beware a porcine plot". The Economist. June 5th 2008.
{{cite news}}: Check date values in:|date=(help) - ^ "The ECB at ten: A decade in the sun". The Economist. June 5th 2008.
{{cite news}}: Check date values in:|date=(help) - ^ Smith, David (May 25, 2008). "Reform failures may still kill off the euro". The Sunday Times.
See also
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