Friday, April 22, 2011

EU economy

Instead of writing a whole essay on this serious and current matter I thought of posting this picture which shows emphatically the reality of the present economic crisis and instability within the European Union. Especially now that Portugal has "joined the club" together with Greece and Ireland, it seems more likely that more states will eventually follow, bringing large problems to the Union but also individually to each country.

The P.I.G.S. (Portugal, Ireland, Greece and Spain) are in the last position, however many refer to the P.I.I.G.S., which also include Italy in the equation. If something does not change, I am afraid that the economic crisis will  merely spread within the E.U.   

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