(...) Ninguém foi mais corrosivo do que o diário francês "Le Monde", ao equacionar abertamente Portugal e a Grécia, em título: "A Grécia e Portugal enlouquecem os mercados". No texto do artigo respectivo, afirma-se também que "além da Grécia e de Portugal, a Espanha e a Irlanda são consideradas como os países de maior risco na zona euro. Este grupo de Estados é por vezes designado em inglês pelo acrónimo pouco lisonjeiro de 'PIGS' ('porcos', Portugal, Irlanda, Grécia, Espanha [Spain])". (...)
http://tv1.rtp.pt/noticias/?t=Depois-da-Grecia-Portugal-nas-bocas-do-mundo.rtp&article=339658&visual=3&layout=10&tm=6
PIIGS and PIGS are acronyms used by international bond analysts, academics, and by the international economic press to refer to the economies of Portugal, Ireland, Italy, Greece, and Spain, especially in regards to matters relating to sovereign debt and external debt. Relative to GDP, they have either a high external debt, high accumulated government debt levels, high government deficit, high current account-deficits, or all four. When rendered as "PIGS", the "I" originally referred to Italy, but has recently become a reference to Ireland and, less frequently, Iceland. At the same time, a second "G", for Great Britain, began to be added by some commentators.
http://tv1.rtp.pt/noticias/?t=Depois-da-Grecia-Portugal-nas-bocas-do-mundo.rtp&article=339658&visual=3&layout=10&tm=6
PIIGS and PIGS are acronyms used by international bond analysts, academics, and by the international economic press to refer to the economies of Portugal, Ireland, Italy, Greece, and Spain, especially in regards to matters relating to sovereign debt and external debt. Relative to GDP, they have either a high external debt, high accumulated government debt levels, high government deficit, high current account-deficits, or all four. When rendered as "PIGS", the "I" originally referred to Italy, but has recently become a reference to Ireland and, less frequently, Iceland. At the same time, a second "G", for Great Britain, began to be added by some commentators.
Use of the acronym has been criticised because economies with similar financial problems, often notably the United Kingdom, are arbitrarily excluded. Some news and economic organisations have limited or banned their use of the terms altogether due to criticism regarding perceived offensive connotations and usefulness as an economic grouping.
http://en.wikipedia.org/wiki/PIIGS
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