PIIGS – not flying anywhere

Portugal, Ireland, Italy, Greece, Spain – PIIGS. You will have no doubt heard of the huge sovereign debt problems of the Greek government. EU finance ministers have approved of a $973bn package aimed at helping out the 16-country eurozone against the risk associated with the Greek government’s debt crisis. The IMF and the World Bank are also playing role to maintain confidence in the euro. Click here to see an informative graphic from the Economist

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