Is California our own example of a PIIGS?
Posted under General on February 15th, 2010 by Bruce Morlan
PIIGS referes to Portugal, Italy (Ireland), Greece and Spain. These members of the European Union are examples we are becoming familiar with through recent events in the Eurozone. The key fact about the Eurozone is that it represents a MONETARY – not a fiscal, ie government budget – union, whose policy is set by the [...]