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PIIGS to the slaughter

To paraphrase a Wall Street adage: bulls make money, bears make money, and PIIGS get slaughtered. Of course I’m referring to Portugal, Ireland, Italy, Greece, and Spain. Germany won’t bail them out again. Germans work. The country’s unemployment rate stands at 7.5%, against an average of 13% for Europe’s so-called PIIGS. Those are heavily massaged […]