Meaning of Grexit | Babel Free

Definitions

The potential withdrawal of Greece from the Eurozone.

Examples

“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.”

“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.”

“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.”

“Throughout 2012, economists speculated on the likelihood of the Grexit by 2013.”

“Around the middle of 2012, speculation was rife about the likelihood of the so-called Grexit.”

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

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

“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.”

CEFR level