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.
Cape Verde–European Union relations Cape Verde is an island nation, part of the Macaronesian group of islands of the Atlantic Ocean and was a former Portuguese colony during the colonial era between 1460 and 1975. In March 2005 former Portuguese president Mário Soares launched a petition urging the European Union to start membership talks with it, saying that Cape Verde could act as a bridge between Africa, Latin America and the EU.