När Italien sätter in ett I utöver I som i Irland blir PIGS till GIPSI

2011: The Year of the European GIPSI?

Seeking Alpha 15 November 2010  

PIIGS is truly not a flattering acronym, and can be deemed offensive and downright cruel.

But the ugly acronyms don't stop there and STUPID (zerohedge.com) is yet another one that refers to another group: Spain, Turkey, U.K., Portugal, Italy, and Dubai.

As a matter of fact, just about any country in Europe can be bundled into a new group, because the economic landscape across the pond is quiet dire.

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