Grexit
n. The exit of Greece from the eurozone. [Greece or Greek + exit.]
Example Citations:
But the fact the damage would be lighter makes such a Grexit more likely. And with Greece currently struggling to secure reform pledges from its public sector and its wider population, the willingness of overseas creditors to help has diminished somewhat.
-"Greek impasse raise fears of 'Grexit'," The Guardian, February 7, 2012
At a time when Athens is still involved in debt restructuring negotiations with its private creditors, Neelie Kroes' recent allusions to a Greek exit from the euro are a sign that European leaders are intent on preparing the terrain for such an eventuality.
-Marc Peeperkorn, "The 'Grexit' taboo has been broken," Presseurop, February 8, 2012
Earliest Citation:
In this piece, we make two key points: First, we raise our estimate of the likelihood of Greek exit from the eurozone (or 'Grexit') to 50% over the next 18 months from earlier estimates of ours which put it at 25-30%.
-William Buiter and Ebrahim Rahbari, "Rising Risks of Greek Euro Area Exit," Citigroup Global Markets, February 6, 2012