Posts tagged as:

PIIGS

Not So Cozy with Sarkozy

April 23, 2012

Sunday’s elections in France have produced a May 6 run-off between socialist Francois Hollande and President Sarkozy.  In the first round of voting Hollande edged-out Sarkozy for a 28.2% to 27% plurality.  Sarkozy’s second place finish is the first time that a sitting president was out-polled in the first round.  Sarkozy is apparently pegging to [...]

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“The Coming Insurrection” in Greece

March 4, 2010

Last week I posted on the violence in Greece due to the first signs of the collapsing of the Bismarckian welfare state, which has been the norm in Europe for a hundred years.  The significance of this and the rest of the PIIGS in Europe is that the trends facing Portugal, Italy, Ireland, Greece and [...]

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The Problem with the “PIIGS”

February 15, 2010

If you haven’t heard about the acronym “PIIGS” yet, I’ll let you in on it:  PIIGS stands for Portugal, Ireland, Italy, Greece and Spain — countries in the European Union on the verge of economic collapse.  Of the five nations in trouble, Greece is the closest to collapse and the youth in the streets have [...]

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