Grexit is a political term that means Greek exit. It is a global financial term that refers to Greece's exiting of the eurozone monetary union.
The term combines "Greek" and "exit" and was first introduced in February of 2012 by Willem H. Buiter and Ebrahim Rahbari. The move arose as a way to deal with the country's unmanageable public debt.
"Did you see that a Grexit may be inevitable."
"Yeah, I wonder how it will affect the euro."
|Updated||November 10, 2016|