/pol/, why is Italy considered a PIGS country while being in the G7 and performing top tier in literally everything?
Is it because of the close historical and cultural relations with the rest of Southern Europe/PIGS ?
Is it because of shitholes just like Naples ? This question bothers me for quite some time
Debt to GDP 132%
No matter what they are. They're bound to change sides later.
>>79845100
Isn't that Zimbabwe tier?
>>79844867
>why is Italy considered a PIGS
I is for Ireland.
>>79845268
No but it's well into the range of high danger.
>>79845100
meme measure, Japan has 200% or more, our debt also happens to be considered pretty stable
>>79845462
>I is for Ireland.
Not really desu, it clearly stands for Italy, which seems to be considerable ridiculous
>>79846563
This is humiliating for mein volk.
>>79846563
There needs to be a new order that exterminates the materialistic system that controls so many people.
>>79846563
If southern European countries are such parasites, why do northern cucks keep giving them money?
>>79845462
it's PIIGS
>>79844867
we are in PIIGS so you fucking wurstels could buy our enterprises. thanks EU
>>79846563
>The term refers 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 debt crisis;
>>79847372
Well, it surely wasn't in German media my friend
>>79845768
>meme measure, Japan has 200% or more, our debt also happens to be considered pretty stable
226%, but 170% if owed to private holders in Japan. So back to the citizens and companies of the nation.
Who owns Italy's debt?
>>79847701
Italian banks for like 60%, the rest France
>>79847031
Because they Southern European countries still have very large, important economies...but had an unsustainable socia safety net and retirement age.
>>79848335
This
Especially Greece and Portugal have both pretty large economies compared to their small population of approx 11 million citizen per country
