Why Southern Europe (aka PIGS) is Finally Outperforming Northern Europe

Very recommendable! Good news! How the tables have turned between southern an northern EU. Did recent austerity policies and structural reforms undertaken by PIGS finally pay off? And then there was massive financial help from the EU.

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.