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PIIGS - the countries whose economies boomed and now are crashing so hard they're threatening to bring down the EU.
by pchristensen 16y ago
PIIGS - the countries whose economies boomed and now are crashing so hard they're threatening to bring down the EU.
- paulobsf 16y agoAs a Portuguese citizen I consider that acronym as offensive. http://en.wikipedia.org/wiki/PIGS_(economics)#Controversy http://en.wikipedia.org/wiki/PIGS_(economics)#Controversy I think that we all agree that generalizations are the sign of narrow-minded individuals...
- pchristensen 16y agoNo offense intended - I'm an American citizen so I don't have tons of room to talk! PIGS is an acronym - it just makes it easy to remember. That's the only reason I can name all 5 countries. No one things that citizens of those 5 countries are swine, just like they don't think that citizens of the booming BRIC countries (Brazil, Russia, India, China) are dumb.