Arab Today, arab today from greferendum to grexit a crisis buzzwords glossary
Last Updated : GMT 17:01:53
Arab Today, arab today
Arab Today, arab today

Students might fear they stumbled on alien language

From Greferendum to Grexit, a crisis buzzwords glossary

Arab Today, arab today

Arab Today, arab today From Greferendum to Grexit, a crisis buzzwords glossary

Protesters hold a Greek flag with 'Change Europe' slogan
Brussels - Arab Today

First-time students of the Greek debt crisis might fear they have stumbled on an alien language when they see some of the words European leaders use.

Here is a selection of the key neologisms and stock phrases that have made their way from social media into the "Grexit" vocabulary.

GREXIT: The withdrawal of Greece from the euro, the European single currency. A portmanteau word made by combining the words "Greece" and "exit". The term was reputedly first used in a paper by Citigroup economists Willem Buiter and Ebrahim Rahbari in February 2012. The alternative GREXODUS ("Greece" plus "exodus") has been suggested because the latter word is of Greek origin. Later spawned the word Brexit to refer to a potential British exit from the European Union in a referendum planned by Prime Minister David Cameron in 2017.

GREXIDENT (sometimes written GRACCIDENT): A chain reaction leading to Greece leaving the euro in a "chaotic, uncontrollable" fashion because of default or a bank run, despite efforts to keep it in. EU President Donald Tusk used the term on June 23 in a press conference, making it official after wide use on social media and in financial commentaries.

GREFERENDUM: A plebiscite called by Greece's leftist Prime Minister Alexis Tsipras for Sunday July 5 to decide on bailout reform terms offered by Greece's EU-IMF creditors, made by combining the words "Greece" and "referendum".

GAME OVER: Repeatedly used by Tusk, and also by Austrian Finance Minister Hans Jorg Schelling, to warn Greece and its creditors that time has run out.

THE BALL IS IN THE GREEK COURT/CAMP: A mantra for European leaders during the final days of Greece's bailout negotiations, meaning that it was up to Athens to respond to offers of a deal from its creditors. A German foreign ministry spokesman appeared to get the ball rolling on June 13, followed by ECB chief Mario Draghi who said the "ball lies squarely in the camp of the Greek government" and then taken up by many others. Tsipras later returned serve by saying that the ball was in the court of the European institutions.

WHERE THERE'S A WILL THERE'S A WAY: Used repeatedly by German Chancellor Angela Merkel to indicate there was hope of a deal but that political will was necessary, the term was then taken up by others including European Commissioner for Economic Affairs Pierre Moscovici.

JUNCKER FOOTBALL METAPHORS: European Commission chief is remarkably keen on football metaphors, saying on one occasion that the Greek bailout talks were a "game without extra time" and then on Monday mixing football with philosophy when he said he "would not want to see Plato play in the second division".
Source: AFP

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today from greferendum to grexit a crisis buzzwords glossary Arab Today, arab today from greferendum to grexit a crisis buzzwords glossary

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Education: التعليم أخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday