Grexit

n.

The exit of Greece from the eurozone. [Greece or Greek + exit.]

Example Citations:

But the fact the damage would be lighter makes such a Grexit more likely. And with Greece currently struggling to secure reform pledges from its public sector and its wider population, the willingness of overseas creditors to help has diminished somewhat.

—" Greek impasse raise fears of 'Grexit': http://www.guardian.co.uk/business/economics-blog/2012/feb/07/greek-impasse-fears-grexit," The Guardian, February 7, 2012

At a time when Athens is still involved in debt restructuring negotiations with its private creditors, Neelie Kroes' recent allusions to a Greek exit from the euro are a sign that European leaders are intent on preparing the terrain for such an eventuality.

—Marc Peeperkorn, " The 'Grexit' taboo has been broken: http://www.presseurop.eu/en/content/article/1491631-grexit-taboo-has-been-broken," Presseurop, February 8, 2012

Earliest Citation:

In this piece, we make two key points: First, we raise our estimate of the likelihood of Greek exit from the eurozone (or 'Grexit') to 50% over the next 18 months from earlier estimates of ours which put it at 25-30%.

—William Buiter and Ebrahim Rahbari, " Rising Risks of Greek Euro Area Exit: http://willembuiter.com/grexit.pdf," Citigroup Global Markets, February 6, 2012

Notes: Related Words:

Chermany

endism

Eurogeddon

peak debt

Categories:

Economics

Geography

Politics