Funny Sentence.
Enough with the PIIGS, a totally unhelpful acronym. What we’re really seeing now is a crisis of the “cohesion countries” — the countries that entered the EU relatively poor, and for a time received substantial aid in the form of “cohesion funds”. In Eurospeak, it’s important to know the difference between cohesion and convergence: cohesion means convergence in per capita GDP, while convergence means getting inflation rates in line so that monetary cohesion is possible. Get it?
via The Cohesion Crisis – Paul Krugman Blog – NYTimes.com.