Slaughtering the PIIGS reuters.com

Excerpt

By Ian Bremmer


The opinions expressed are his own.

Nobody likes to be called PIIGS. For years, Europe’s so-called peripheral countries — Portugal, Italy, Ireland, Greece and Spain — have complained about this acronym, but the euro zone’s sovereign debt problems have only entrenched it further. Yet, it’s time to acknowledge that the PIIGS have a point. They don’t deserve to be lumped together. Their actions and their circumstances have sharply diverged over the past three years.


Related Video Discussion about the European Debt Crisis with Ian Bremmer of the Eurasia Group, Zanny Minton Beddoes of the 'Economist' & Gillian Tett of 'The Financial Times'

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