They are called the PIGS — Portugal, Ireland, Greece, Spain. What they have in common is that all are facing deficits and debts that could bring on national defaults and break up the European Union.
What brought the PIGS to the edge of the abyss?
European Union: R.I.P.?
When communism collapsed in Moscow, Prague and Belgrade at the end of the Cold War, ethnic nationalism surged to the surface in all three nations and tore them apart into 24 countries. Economic nationalism is now resurgent across Europe. And it is hard to see how a transnational institution like …
You must be logged in to post a comment.