This acronym PIGS stands for
Portugal, Italy, Greece, and Spain.
Delectable Pejorative Connotations
This straightforward acronym not too well known beyond
the financial industry has become greater than life since the sovereign debt
crisis in the Euro zone. In particular, I like the fitting pejorative
connotations.
Out Of The Bible
To quote from the Bible: “Do not cast … pearls before
swine, lest they trample them under their feet, and turn and tear you in pieces.”
(Bible Matthew 7:6 as part of the Jesus’s Sermon on the Mount). Is this not
what almost happened to the Euro zone?
Gluttonous Animals
Do they not say that pigs have a propensity to eat too much
when offered lots of food? Like the PIGS, they could not resist low interest
rates etc. to load up excessively on government debt.
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