for those wondering: PIGS - Portugal, Italy, Greece & Spain (some people jump to comments)
Why do smart people assume that their own familiarity with a subject is a suitable guideline for tossing around opaque acronyms without prior definition? Why are people just supposed to know the acronym?
He points to the acronym PIGS, coined for four crisis-torn, Southern European debtor countries of the eurozone: Portugal, Italy, Greece, Spain.