[Olog-hai]

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and it is PIIGS fwiw

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Not originally. The focus was on Portugal, Ireland, Greece and Spain (not Italy at first); and I as a descendant of one of those countries find it a bigoted slur (akin to the "apes and pigs" against Jews found in the Koran).

Read the whole thing. We were fooled three times in a row by the same game that Bismarck started.

[federal__reserve]

If it will make you feel better, it is now Figs!
Portugal, Hungary, Ireland, Italy, Greece and Spain = PHIIGGS.