We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
Eurozone Competitiveness: An Analysis of the PIIGS.
- Authors
Bonitsis, Theologos Homer
- Abstract
This paper presents a descriptive overview of the stylized path of the competitiveness for a subset of eurozone countries. These countries are: Portugal, Italy, Ireland, Greece, and Spain. This subset of countries are frequently referred to in the financial mass media by the acronym PIIGS. The term is meant to be descriptive of a group of euro currency countries that emerged from the Financial Crisis of 2008-2009 with sovereign debt concerns. In general, these countries sovereign debt issues are attributed to a lack of fiscal discipline and a proclivity for external public borrowing to maintain a welfare state.
- Subjects
EUROPEAN Union countries; EUROZONE; ECONOMIC competition; PORTUGUESE economy; ECONOMIC conditions in Italy; IRISH economy; WELFARE state; PUBLIC debts; ECONOMICS
- Publication
Proceedings of the Northeast Business & Economics Association, 2011, p478
- ISSN
1936-203X
- Publication type
Article