Category: PIGS

Why we should welcome the Latin-Americanisation of Europe

Stratospheric economics can be a crude and blunt instrument.  In particular, crude: PIGS (also PIIGS[1]) is an acronym used by international bond analysts, academics, and the economic press that refers to the economies of Portugal, Ireland and/or Italy, Greece, and Spain – often in regard to matters relating to sovereign debt markets.…

Trying to understand British aid

In response to a somewhat rambling post from myself, Paul pointed out the following: No, it’s not true that 97% of British Aid goes to tax haven domiciled equity funds. CDC is not aid, but the government’s investment arm. Formed…