Grexit
English
Pronunciation
- IPA(key): /ˈɡɹɛɡ.zɪt/, /ˈɡɹɛk.sɪt/
Noun
Grexit (uncountable)
- (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.
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