P.I.G.S (Portugal, Ireland, Greece, Spain) could bring Euroland to its knees

The Telegraph ^ | 02/11/2010 | Edmund Conway

[Joe Boucher]

One more thing C19fan,
What does that stand for C19?

[C19fan]

19th century.

[Joe Boucher]

See?
I knew it was someting simple.
I’m just not too smart.
Thanks/thanks a lot.

:-)

[SeekAndFind]

The disciplined ones like Germany and Japan will fail too

I am not sure if we can count Japan as a disciplined country when its debt as a percentage of GDP is WORSE than the USA and one of the highest in the world !! ( only Zimbabwe's is worse ).

See this visual :

[Viiksitimali]

“(Plan for establishing) an economic organization ... through mutual customs agreements ... including France, Belgium, Holland, Denmark, Austria, Poland, and perhaps Italy, Sweden, and Norway”.
The German “September Plan” to impose an economic union on the vanquished nations of Europe following a military victory, 1914
http://www.buzzle.com/articles/germany-fourth-reich.html

http://en.wikipedia.org/wiki/Septemberprogramm

[Lucius Cornelius Sulla]

But if not, there is only one alternative: take fiscal control of the Greek and Spanish government spending.

The Greek unions are rioting because they do not want their retirement age to go from 61 to 63. Any real austerity would cause a revolution, probably in Portugal and Spain also. Meanwhile German voters do not want to subsidize workers who are less frugal and less hardworking than themselves.

[mewzilla]

On a related noted from the homefront, PIIGS meet the CANINes...

Want to Control Deficit? Rein in State Spending