That’s why, after all, markets around the world, and not just in the PIIGS countries have been impacted by the spreading concerns.

毕竟，正是这种不断扩散的忧虑导致欧猪五国甚至全球市场遭受了重创。

youdao

Both gauges point up problems in the same handful of countries: Portugal, Ireland, Italy, Greece and spain-a group given the ugly acronym PIIGS.

两个指标都指出了同五个国家的问题：葡萄牙，爱尔兰，意大利，希腊和西班牙——这五个国家有个难听的首字母简称PIIGS。

youdao

Not accounted for in these sovereign debt numbers is the banks' exposure to off-balance-sheet items, equities and commercial and residential loans in PIIGS countries.

FORBES: International Investing

The PIIGS countries include Portugal, Italy, Ireland, Greece and Spain and are grouped together by many analysts because of their similar high levels of debt and spending.

FORBES: Raising The Debt Ceiling Is Just Kicking The Can Further Down The Road

The only real solution for insolvent Europe is to explicitly default on the debt to a level that brings PIIGS countries to a debt to GDP ratio below 60%.

FORBES: Europe's Solution Isn't More Inflation