Volume 2, Issue 5, October 2013, Page: 89-94
Financial Dependence of the PIIGS Countries
Piotr Siemiatkowski, Dept. of Internal and International Security, Nicolaus Copernicus University, Torun, Poland
Ewa Jankowska, Dept. of Economics, WSB Schools of Banking, Torun, Poland
Received: Oct. 10, 2013;       Published: Nov. 10, 2013
DOI: 10.11648/j.jwer.20130205.12      View  2658      Downloads  172
In the paper, the authors presented the problems connected with the financial dependence of the PIIGS countries (the contractual name for a group of European countries with the highest debt which stands for the first letters of the names of countries: Portugal, Italy, Ireland, Greece and Spain). In the first part the issues related to the concept of the financial dependence were discussed. Then International Investment Position (IIP) of the PIIGS countries was compared with other countries of the European Union. The main part of the paper is analysis of the indicators of the financial dependence the PIIGS countries. The analysis of the proposed set of indicators caused that the authors drew particular attention to the situation that took place in Ireland. Therefore, the case of Irish economy was discussed in the detail way. At the end of the paper conclusions about the financial dependence of PIIGS countries were presented.
Financial Dependence, International Investment Position, PIIGS Countries, Gross External Debt
To cite this article
Piotr Siemiatkowski, Ewa Jankowska, Financial Dependence of the PIIGS Countries, Journal of World Economic Research. Vol. 2, No. 5, 2013, pp. 89-94. doi: 10.11648/j.jwer.20130205.12
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