PIGS

A few countries in Europe have been reprimanded by the European Union for their negative budgets. Like France, Romania and Poland. There are some really big negative budgets in the European Union these days. Most of it due to historical debt and rising interest rates…

But remember the PIGS countries like Portugal, Ireland, Greece, etc… which were in huge trouble during the Euro crisis between 2011 and 2013. Those countries almost went bankrupt and had to reform firmly. Especially Greece, which almost had to exit the Eurozone.

Well, remarkably, thanks to those reforms Ireland, Portugal and Greece are having surpluses on their budgets. This should open the eyes of the rest of the EU. Reform is necessary, and fast…

Sincerely,

Pele23

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