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, 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:

     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.

   • 2025 November 25, Helena Smith, “Former Greek PM Tsipras savages ‘celebrity’ ex-finance minister Varoufakis in memoir”, in The Guardian‎, →ISSN:

     In what will go down as one of the greatest character assassinations in modern Greek memory, the former premier claimed it had been Varoufakis’s confrontational style that left him increasingly isolated among peers, put Greece at risk and helped hawks, led by Schauble, who were clearly pushing for Grexit.

See also

• new drachma