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Ireland and Spain: From PIIGS to Market Leaders

What a difference two years makes…

Just two years ago, headlines around the world anxiously trumpeted the imminent collapse of Europe and the inevitable implosion of the euro zone.

“The Euro has 10 days at most” warned London’s Financial Times columnist Wolfgang Munchau on November 27, 2011. On Oct. 12, the U.S. stock market shuddered after Slovakia’s parliament blocked a plan to expand its European Financial Stability Facility (EFSF) — the source of crucial bailout funds for a much wealthier Greece.

Fast forward two years, and it’s a very different story.

Read more about the success of Ireland, Spain and the other PIIGS at Eagle Daily Investor.

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The stock markets of Europe's problematic PIIGS (Portugal, Ireland, Italy, Spain and Greece) are among the top performers in the world, contrary to the doom-and-gloom prognostications of two years ago.

archive

Ireland and Spain: From PIIGS to Market Leaders

The stock markets of Europe’s problematic PIIGS (Portugal, Ireland, Italy, Spain and Greece) are among the top performers in the world, contrary to the doom-and-gloom prognostications of two years ago.

What a difference two years makes…

Just two years ago, headlines around the world anxiously trumpeted the imminent collapse of Europe and the inevitable implosion of the euro zone.

??The Euro has 10 days at most? warned London’s Financial Times columnist Wolfgang Munchau on November 27, 2011. On Oct. 12, the U.S. stock market shuddered after Slovakia’s parliament blocked a plan to expand its European Financial Stability Facility (EFSF) — the source of crucial bailout funds for a much wealthier Greece.

Fast forward two years, and it’s a very different story.

Read more about the success of Ireland, Spain and the other PIIGS at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Nicolas A. Vardy is the London-based International Economics Correspondent for Human Events.

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