Grexit
Greek exit
Example
Did you see that a Grexit may be inevitable
Yeah, I wonder how it will affect the euro
Related Slang
Brexit | British exit from the European Union |
EUR | Euro |
NYSE | New York Stock Exchange |
Big Board | New York Stock Exchange |
USD | United States dollars |
yrp | Europe |
Grexit is a political term that means Greek exit. It is a global financial term that refers to Greece's exiting of the eurozone monetary union.
The term combines "Greek" and "exit" and was first introduced in February of 2012 by Willem H. Buiter and Ebrahim Rahbari. The move arose as a way to deal with the country's unmanageable public debt.