European Tribune - Comments - What makes them PIIGS?

What makes them PIIGS? | 52 comments (52 topical, 0 editorial, 0 hidden)

Re: What makes them PIIGS? (none / 1)

Coming from Complexity/Emergence disciplines, I'd usually dismiss such inferences at face value, the market being an emergent environment by excellence.

But when it is ok to run 50% deficits at one side of the Atlantic but it is not ok to run 12% deficits at the other end, I must concede that something's wrong...

Vencit omnia veritas.

by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Mon Apr 12th, 2010 at 04:24:05 PM EST
[ Parent ]

Re: What makes them PIIGS? (none / 1)

Who is running a current budget deficit equivalent to 50% of GDP?

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Mon Apr 12th, 2010 at 04:54:33 PM EST
[ Parent ]

Re: What makes them PIIGS? (none / 1)

12% deficits refers to annual deficit, no?

50% refers to total debt to GDP.

by Upstate NY on Mon Apr 12th, 2010 at 09:11:29 PM EST
[ Parent ]

What makes them PIIGS? | 52 comments (52 topical, 0 editorial, 0 hidden)

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