Saturday, December 15, 2012

One Of The Best Acronyms Of Recent Times: PIGS


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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