Portugal and PIGS: Main Lessons of Economic Recovery
... the world credit market. Spain and Greece have also been rather successful in bridling the negative economic trends to prove that PIGS countries [1] offer a good example of the focused execution of complicated homework. PIGS: P for Portugal Portugal, Ireland, Greece, and Spain emerged from the 2008-2010 global financial crisis virtually insolvent [2] , with signs of recovery from the painful recession appearing only in 2013. Since these countries’ economic potentials (see Table 1) and macroeconomic ...
04.07.2014