Using the Term PIIGS Is Not Cool Anymore
OP-ED By Julia Pastor | The term PIIGS was coined in the 90s to speak about troubled southern countries on the eve of their entry into euro zone. During the current crisis, the word has been recurrently used to point bailed-out economies. And it kind of hurts. No international institution has ever adopted the ‘P word’. Banks such as Barclays even banned their analysts to use it.