Making a PIIGS ear of financial regulation


Comment by Joy Dunbar, Editor of Absolute UCITS

The economies of the so-called PIIGS (Portugal, Italy, Ireland, Greece and Spain) have dominated the political agenda in Europe ever since the Greeks started to be unable to pay their debts in 2010.

This economic euro explosion, stemming from the Greek budget deficit spiraling out of control, has resulted in threats of it leaving the single currency and created fears of contagion to other weak Eurozone countries.

This has resulted in turn in an uncertain future for the currency that has dominated the agenda in Europe both politically and economically.

The credit crunch of 2008, which exposed the weaknesses in