When is a PIG not a PIG?

Say the word PIGS and the most likely responses are probably either ‘mmm bacon rolls’ or ‘percy and friends’. But bless those Europeans for giving the word a new meaning-


P-ortugal

I-reland

G-reece

S-pain

And what do the ‘PIGS’ countries all have in common, huge budget deficits* and more debt than you can shake a stick at.

The EU member states all met today (in a lovely looking library) to discuss the crisis and what should be done to help Greece in particular. All four countries have the Euro and their economic woes have threatened to destabilise the currency- which has lost 9% of its value since December.

So what does that mean for a Poli-Chick? Cheaper holidays to Europe is a plus point. But there is a real danger that these economies could drag the other European states back into recession. And with the UK’s growth at a teeny tiny 0.1% less quarter, it’s not really a risk we Brits can afford to take.

And what do our UK parties think about this issue? Well the EU states (including our labour Government) recently issued a statement saying they have reached a deal to help Greece. The Tories unhelpful contribution so far has been to state that the UK risks a ‘Greek-style crisis.’

So watch out for the PIGS- or we could all end up in the mud.

Poli-Chick xx



*they spend more than they earn