Market News / Story
Are markets witnessing a new European debt crisis?
Seeking Alpha ·
Seeking Alpha reports: There's financial trouble brewing in Europe again, but a new decade is bringing a fresh group of casualties. In the 2010s, the crowd who landed in hot water was known as the PIIGS, which stood for Portugal, Ireland, Italy, Greece and Spain. This time around, it's moving west, impacting countries like France, Germany, and the United Kingdom. What happened? Take a look at the growth rates. Spain's economy grew at a solid 2.8% in 2025, and Greece grew at 2.1%—double or…