Grexit

English

Etymology

Blend of Greece +‎ exit or Greek +‎ exit.

Pronunciation

• IPA^(key): /ˈɡɹɛɡ.zɪt/, /ˈɡɹɛk.sɪt/
• Rhymes: -ɛksɪt

Proper noun

Grexit

1. (politics) The potential withdrawal of Greece from the Eurozone.

   Coordinate terms: Brexit, Czexit, Frexit, Huxit, Polexit, Roexit

   • 2012 February 6, Willem Buiter, Ebrahim Rahbari, “Rising Risks of Greek Euro Area Exit”, in Willem H. Buiter‎^[1], archived from the original on 16 August 2016:

     We raise our estimate of the likelihood of Greek EA exit (‘Grexit’) to 50% over the next 18 months, from 25-30% previously. This is mostly because we consider the willingness of EA creditors to continue providing further support to Greece despite Greek non-compliance with programme conditionality to have fallen substantially.

   • 2012 February 7, Simone Foxman, “CITI'S BUITER: There's A 50% Chance Of A Greek Exit From The Eurozone And Here's How It Would Happen”, in Business Insider‎^[2]:

     Citigroup economists Willem Buiter and Ebrahim Rabhari revised their predictions of a Greek exit from the eurozone—or "Grexit"—in the next 18 months up to 50 percent from 25-30 percent in November.

   • 2012 May 25, Gillian Tett, “Beware Hidden Costs as Banks Eye ‘Grexit’”, in Financial Times‎^[3]:

     The bankers, however, were alarmingly precise: amid all the speculation about Grexit, they told me, banks are increasingly reordering their European exposure along national lines, in terms of asset-liability matching (ALM), just in case the region splits apart.

   • 2013, Words You Should Know: 2013‎^[4], F+W Media, page 100:

     Throughout 2012, economists speculated on the likelihood of the Grexit by 2013.

   • 2014, Alison McDonnell, “Solidarity, Flexibility, and the Euro-Crisis: Where do Principles Fit In?”, in The EU After Lisbon‎^[5], page 72:

     Around the middle of 2012, speculation was rife about the likelihood of the so-called Grexit.

   • 2014, Jonathan Story, “The Euro Crisis and German Primacy”, in The Eurozone Crisis and the Future of Europe‎^[6], page 117:

     Grexit, in short, would have left the way open to German monetary independence.

   • 2015, Stavros Mavroudeas, Greek Capitalism in Crisis: Marxist analyses‎^[7], page 91:

     Regarding the relationship with the EU after the Grexit he remains agnostic.

See also

• new drachma