Now It’s The Turn Of The Milcs
According to the Times, the next source of trouble for the Eurozone is the Milcs, or the small countries with overblown banking sectors.
So just when you’ve learned what Piigs means, you’ve now got to work out what Milcs does.
It’s actually Malta, Ireland, Luxembourg, Cyprus and Slovenia.
As Ireland and Cyprus have imploded, they reckon Slovenia is next!
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