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"PIIGS" is a not-so-complimentary acronym used by some in the economics media and among some economists to denote a bunch of European countries that have been in economic turmoil for the last decade. This acronym was coined a few years ago, but has kept coming back into the news, especially in recent times because the troubles never seem to go away.

Earlier it was just "PIGS", and later it acquired an additional "I". Which five countries?

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In Jan 2017, Finland became the first country in Europe to officially experiment with this socio-economic concept. Similar experiments are scheduled for many Dutch cities and the Canadian city of Ontario in 2017. In the case of Finland, the figure is 560 Euros a month. What concept?

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