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You are incorrect. It was Portugal, Ireland, Greece and possibly Spain. Greece is deep in trouble, Ireland had to borrow from EU and UK earlier this year and it
by Andrew_Quentin 15y ago
You are incorrect. It was Portugal, Ireland, Greece and possibly Spain. Greece is deep in trouble, Ireland had to borrow from EU and UK earlier this year and its economy is in deep trouble, i.e. people emigrating in droves trouble, not sure about Portugal but I think they got some bail out money too. Italy is a very recent addition, only last month, and has not had any bail out money and hopefully will not require any because it is too big to bail out.
- Kliment 15y agoThe acronym was first used in 2007, as far as I can tell, and Ireland was added to it in 2008. The most recent crisis Italy is going through is indeed a recent addition, but it is by far not the first crisis, and the acronym is much older than this. Here is an example of usage in an article from 2008, before the shit Ireland was in was exposed: http://www.thedailybeast.com/newsweek/2008/06/28/why-pigs-can-t-fly.html http://www.thedailybeast.com/newsweek/2008/06/28/why-pigs-ca...