This explanation was in the body of the text. This must make it guhya-mantra - the obscurity of the obvious.
EU democracies face this threat because deficit spending cannot sustain an economy long-term. At some point, foreign lenders will resist additional financing— a problem already faced by a group of European countries known as the PIGS. The PIGS are Portugal, Ireland, Greece, and Spain. Together they have a combined debt of approximately $198 billion. Spain's debt is highest, at $116 billion <https://www.cia.gov/library/publications/the-world-factbook/geos/sp.htm\ l> , followed by Greece at $37 billion <https://www.cia.gov/library/publications/the-world-factbook/geos/gr.htm\ l> , Ireland at $30 billion <https://www.cia.gov/library/publications/the-world-factbook/geos/ei.htm\ l> and Portugal at $15 billion <https://www.cia.gov/library/publications/the-world-factbook/geos/po.htm\ l> . --- In FairfieldLife@yahoogroups.com, Bhairitu <noozg...@...> wrote: > > See what you get for being a bit too obscure? ;-) >
