What was the beginning year of the European debt crisis that particularly affected Portugal, Italy, Greece, and Spain?
PIGS (economics) PIGS or PIIGS or PIIGGS is an acronym used in economics and finance. The PIGS acronym originally refers, often derogatorily, to the economies of the Southern European countries of Portugal, Italy, Greece, and Spain. During the European debt crisis, the term was also increasingly used to refer to the economies of Portugal, Ireland, Greece, and Spain, four EU member states that were unable to refinance their government debt or to bail out over-indebted banks on their own during the crisis.
Political career of Silvio Berlusconi The political career of Silvio Berlusconi began in 1994, when Berlusconi entered politics for the first time serving intermittent terms as Prime Minister of Italy from 1994 to 1995, 2001 to 2006 and 2008 to 2011, his career was racked with controversies and trials; amongst these was his failure to honour his promise to sell his personal assets in Mediaset, the largest television broadcaster network in Italy, in order to dispel any perceived conflicts of interest.