Grexit
English
[edit]Etymology
[edit]Blend of Greece + exit or Greek + exit.
Pronunciation
[edit]Proper noun
[edit]Grexit
- (politics) The potential withdrawal of Greece from the Eurozone.
- 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.