In the context of recent events that have adversely affected nations participating in the European Monetary and Economic Union, "PIIGS" refers to two connected issues: Porfolio Interdependence and Integration of Global Services.

Question

Quizplus · Accepted Answer

PIIGS actually refers to the five Eurozone countries - Portugal, Italy, Ireland, Greece, and Spain - that were experiencing economic difficulties during the European debt crisis. It has nothing to do with Portfolio Interdependence or Integration of Global Services.

In the Context of Recent Events That Have Adversely Affected