The Comprehensive Guide to

Passive Income Investing


Learn the secrets of how Paul Tracy generates over $XXX,XXX per month in passive income!

How to Become Financially Independent Through Passive Income Investing

What are PIIGS?

The Eurozone nations of Portugal, Ireland, Italy, Greece and Spain make up a group of financially weak countries often referred to in the financial media by the acronym PIIGS.

How Do PIIGS Work?

The Eurozone is made up of 16 different countries that all use a single currency, the Euro. In the mid-2000s, Eurozone countries could borrow at relatively low interest rates, and some of the financially weaker countries were able to borrow much more than they can now afford to pay back.

The Portuguese Finance Minister has decried the use of the term PIIGS, saying that it is pejorative and racist. The Financial Times and Barclays Capital have banned the use of the term in its publications.

Why Do PIIGS Matter?

Some believe that the growing divide between the EU's financially weak countries and financially strong countries like Germany and France could ultimately lead to the breakup of the EU. As investors force Greece, Ireland and Spain to adopt austerity measures to get their budgets under control, strikes, riots and civil unrest have broken out across those countries.

Ask an Expert about PIIGS

All of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about PIIGS.

Be the first to ask a question

If you have a question about PIIGS, then please ask Paul.

Ask a question
Paul Tracy
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.