Who are the real PIGS?

posted by
February 28, 2012
Liberty Unbound
by Gary Jason  
Posted in Commentary

"As Europe continues to flounder, and as people continue to wonder whether (or more likely, when) Greece is going to default on its sovereign debt, various commentators have bandied the epithet 'PIGS' (or 'PIIGS,' depending on which nations a commentator wants to include). By this acronym they refer to a group of countries -- Portugal, Ireland, (Italy), Greece, and Spain -- that have borrowed profligately, unlike such disciplined places as France, Germany, and the United States." (02/27/12)



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