English

Noun

Grexit ‎(uncountable)

1. (politics) The potential withdrawal of Greece from the Eurozone.
   • 2012 February 6, Buiter, Willem; Rahbari, Ebrahim, “Rising Risks of Greek Euro Area Exit”, in Willem H. Buiter, archived from the original on 2016-08-16:

     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:

     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:

     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, 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, 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, page 117:

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

   • 2015, Stavros Mavroudeas, Greek Capitalism in Crisis: Marxist analyses, page 91:

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

Related terms

• Brexit, Czexit, Frexit