Meaning of PIIIGS | Babel Free

Definitions

Portugal, Italy, Ireland, Iceland, Greece and Spain, grouped on the basis of their large debts during the European sovereign debt crisis.

Examples

“European Union economic planners are chewing their fingernails over looming defaults in Portugal, Ireland, Iceland, Italy, Greece and Spain. PIIIGS are part of an economic block that could paralyze the entire "Planet Money" if the hemorrhage is not dealt with.”

“PIGS, PIIGS or PIIIGS – They All Smell Like Bacon”

“The so-called PIIIGS of Europe (Portugal, Italy, Ireland, Iceland, Greece and Spain) are all in the bottom third.”

CEFR level