Resolved Question
What is PIIGS? What is the importance of this in my Forex trading?
about 1 year ago
Best Answer - Chosen by Asker
The term for the countries that are believed to be the weak links of the euro zone: PIIGS — which stands for Portugal, Italy, Ireland, Greece and Spain.
Some news and economic organisations have limited or banned their use due to criticism regarding perceived offensive connotations.
about 1 year ago
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Answers (1)
PIIGS is an acronym that was first used during the 1990's to refer to the southern nations that are part of the euro zone. The nations are the following: Portugal, Italy, Ireland, Greece, and Spain.
The term became popular during the 2007-2010 financial crisis, as these economies had high government deficits compared to other euro zone nations.
about 1 year ago
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