PIIIGS

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English

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Proper noun

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PIIIGS

  1. (economics) Portugal, Italy, Ireland, Iceland, Greece and Spain, grouped on the basis of their large debts during the European sovereign debt crisis.
    • 2011 October 17, Vic Hummert, “Movie sheds light on Wall Street protests”, in The Advertiser:
      European Union economic planners are chewing their fingernails over looming defaults in Portugal, Ireland, Iceland, Italy, Greece and Spain. PIIIGS are part of an economic block that could paralyze the entire "Planet Money" if the hemorrhage is not dealt with.
    • 2010 April 11, Lorimer Wilson, “Will Sovereign Debt Tsunami Drown All the PIIIGS and Then the US and UK?”, in MunKnee:
      PIGS, PIIGS or PIIIGS – They All Smell Like Bacon
    • 2011, TJ Augustine, A Maasry, D Sobo, Sovereign Fiscal Responsibility Index 2011, Stanford University:
      The so-called PIIIGS of Europe (Portugal, Italy, Ireland, Iceland, Greece and Spain) are all in the bottom third.
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