Acronym that emerged after 2010, especially among financial journalists, to describe eurozone members Greece, Ireland, Italy, Portugal, and Spain, which have strayed far from the targets (performance targets) of the Stability and Growth Pact. – See bailout, EU financial aid, moral hazard, southern front, asset levy, treaty compliance, forced expropriation. – Cf. Monthly Report of the Deutsche Bundesbank of January 2014, p. 14 et seq. (adjustment measures in the Giips countries).
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/