PIGS (economics)
DEROGATORY ACRONYM FOR THE ECONOMIES OF PORTUGAL, ITALY, GREECE AND SPAIN
PIIGS; PIIGGS; PIIIGGS; PIIIGS; RUPIIGS; GIIPS
PIGS is a derogatory acronym that has been used to designate the economies of the Southern European countries of Portugal, Italy, Greece, and Spain. During the European debt crisis of 2009-2014 the variant PIIGS, or GIPSI, was coined to include Ireland.