The Great Debate (India)  from Global Investing:  PIGS, CIVETS
and other creature economies…   Given the ubiquity of BRICs and
PIGS, it seems everyone else in the financial and business world
is attempting to conjure up catchy acronyms to group economies
with similar traits. All with varying degrees of success.
BRITAIN-WEATHER/  HSBC chief Michael Geogehan has been
championing 'CIVETS' to describe Colombia, Indonesia, Vietnam,
Egypt, Turkey and South Africa as the next tier of developing
economies poised for spectacular growth.  Evoking the skunk-like
animal blamed for the spread of the deadly SARS outbreak in Asia
is not exactly auspicious but then it will probably be less
offensive than the porcine moniker for Portugal, Italy, Greece
and Spain. The collective term -- with permutations such as
PIIGGS to include Ireland and Great Britain among the list of
debt-ridden countries -- has been denounced by politicians in
Portugal and Spain.  In less troubled times, of course, these
economies were often dubbed 'Clu