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What is the root cause of the economic problems facing some of the European nations such as Greece Spain and Italy?
Wiki User
∙ 9y ago
during good times the governments borrowed more money than they are now able to pay back
Wiki User
∙ 9y ago
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Who are the PIGS of European Union?
PIGS is an acronym referring to Portugal, Italy, Greece and Spain. All are members of the European Union and had economic problems in recent years.
Who are the European PIGS?
There are 5 countries in the European Economic Union which are currently having particularly bad economic problems, those being Portugal, Ireland, Italy, Greece, and Spain. In the form of an acronym, that works out to PIIGS.
Which was the only country joined the European Union in 1981?
Greece joined what was then known as the European Economic Community in 1981. It is now called the European Union.
Which country is facing the worst economic problems?
Greece.
What are the current economic problems that Greece is dealing with?
Greece is currently facing economic debt crisis balance of payment deficit unemployment high inflation
Which European countries have debt problems?
Greece Portugal Malta Spain
Is some European countries still economically not stable?
As of the start of 2011 there are still some countries in Europe that are still experiencing economic problems. Portugal, Ireland and Greece, amongst others, would be included.
What Balkan nations are in the European union?
Slovenia, Romania, Bulgaria, and Greece. Croatia will be admitted to the EU in July 2013.
Name EU countries that joined in 1981?
Greece joined what was then called the European Economic Community, now called the European Union, in 1981.
What the first balkan country to join the eu?
Greece joined what was then known as the European Economic Community in 1981. It is now known as the European Union.
Does Greece use the Euro currency?
Yes. Greece joined what was then called the European Economic Community, now known as the European Union, in 1981.
What are the European Economic Community countries?
The European Economic Community was renamed to the European Community in 1993 and engulfed by the European Union in 2009. The following countries were a part of the European Economic Community: Ireland United Kingdom Portugal Spain Italy Greece France Luxembourg Belgium Netherlands Germany Denmark All these members, with the exception of Ireland and Denmark, were also a part of the Western European Union. However, this Union was too abolished and engulfed by the European Union in 2011.
