Portugal. Italy. Greece. Spain.
On Wall Street, these fabulous European vacation destinations are known simply as the PIGS-- short for Portugal, Italy, Greece and Spain. You may come to know them as the latest scourge to your 401(k), just when it was starting to look like something you might retire on again someday.
The financial markets are obsessed with the PIGS right now. All four of them, and especially Greece, are reeling under crushing government debts. Global investors have little...Full Story