Market Note: Who’s the PIG(S) Now?
June 13, 2025 – In the wake of the 2008 global financial crisis, many watched the unfolding European debt crisis with a mix of concern, curiosity, and self-satisfaction. Starting in 2009, Portugal, Ireland, Greece, and Spain (the so-called PIGS), among others, struggled to pay off their sovereign debt and were forced to accept international bailouts. […]