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PIIGS

April 26, 2019 by Investor

PIIGS
This is the acronym which was at first used in 1990 for referring the southern countries that are an important part of Eurozone. Some of the popular countries included in this are Italy, Portugal, Greece, Spain and Ireland. This term became common in 2007-2010 as the economies had high deficits when compared to another Eurozone countries.

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