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Yeah, trying to google that acronym would have been utterly futile.

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?

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The article defines the acronym:

He points to the acronym PIGS, coined for four crisis-torn, Southern European debtor countries of the eurozone: Portugal, Italy, Greece, Spain.

If you google "pigs eu" you can find what you are looking for. In any case, the term is defined in the article.

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