The crisis was mainly felt in the PIIGS, members of the European Union which included Portugal, Ireland, Italy, Greece and Spain.

这场危机主要发生在欧洲诸国，包括葡萄牙、爱尔兰、意大利、希腊和西班牙在内的欧盟成员。

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Who cares about the fiscal debauchery of the PIIGS (Portugal, Ireland, Italy, Greece and Spain)?

FORBES: The Real Reason Stocks Keep Rising

Germans want to intimidate banks, traders and speculators from short selling PIIGS debt and EU stocks.

FORBES: While Europe Slides, Germany Plays Hardball On Financial Transaction Tax

Many German leaders blame investment banks for helping PIIGS cheat on their reported budgets and selling short.

FORBES: Finanztransaktionssteuer, Nein!