Definition of Grexit

This term refers to the possibility of Greece leaving the eurozone. Grexit combines the words 'Greek' and 'exit'.

According to FT Alphaville, the word was first coined by Citi economists Willem Buiter and Ebrahim Rahbari in a February 2012 note, but it became more pravalent in May 2012, when a 'Grexit' seemed likely.

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FT In depth - If Greece goes...

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