Grexit

Grexit, an abbreviation for Greek exit, refers to Greece’s possible withdrawal from the eurozone, which made frequent news headlines from 2012 to 2015 and occasional news thereafter. The term first gained notoriety in early 2012 when many pundits, and even some Greek citizens, proposed that Greece leave the eurozone and return to the drachma as its currency instead of the euro. Some people believed this proposal would be a viable solution to the country’s debt crisis.