It is included among the so-called PIGS (Portugal, Ireland, Greece and Spain), countries whose economies are in the doldrums and are in need of bailouts from big banks and financial institutions like the IMF.
Kabilang ito sa tinataguriang PIGS (Portugal, Ireland, Greece at Spain), mga bansang naghihingalo ang ekonomya at kinakailangang isalba ng malalaking bangko at institusyon sa pinansya tulad ng IMF.