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With eurozone leaders giving Greece until the end of the weekend to reach an agreement with its creditors or face leaving the euro, my blog?s host Nouriel Roubini feels that Sunday will be a ?make-or-break moment for deal,? with rejection making Greece?s exit (Grexit) ?a likely reality.?

If Grexit, troika and the like are Greek to you, then the humorous UK site – Poke – has printed out this indispensible guide into better understanding the debt default… and Greece!

A German with a sense of humor is marketing Grexit, the drink, with a taste of vodka lemonade. The time has come to skull it down! The drink is being launched on June 30 just in time to drink to Greece or drown sorrows… CLICK HERE for more about the Grexit drink.

A German with a sense of humor is marketing Grexit, the drink, with a taste of vodka lemonade. The product is being launched at a time when a default looms dangerously close for Greece. Creator Uwe Dalhoff registered the label in January, anticipating a Grexit, and timing the drink to coincide with one.

Greece faced intense pressure Thursday from its international creditors to break a deadlock in its bailout talks that has raised the specter of the country?s imminent bankruptcy and even its exit from the euro.

British bookmaker William Hill has re-opened its book on whether Greece will leave the eurozone by the end of this year, it said on Thursday.

Grexit took on a whole other meaning on Saturday evening, as the Greek national football team was essentially eliminated from qualification for next year’s European Cup in France after losing 2-1 to the … Faroes Island squad.

US FinMin Lew, attends the Dresden G7 Summit, and stated that the 5th of June may not be a crucial deadline for Greece. At the same time, however, he asked a solution to the Greek crisis “as soon as possible”.

Grexit will lead to the biggest “haircut” of wages in Greece’s history, was the stern warning issued on Wednesday by Nobel Prize-winning economist Christopher A. Pissarides.

By Simon Kennedy

Citigroup Inc. economist Ebrahim Rahbari is again trying his hand at etymology.

In February 2012, he coined the term "Grexit" to describe the risk of Greece leaving the euro area. At the time, he and his fellow economists at Citigroup put the probability at 50 percent within the next 18 months and later raised it to 90 percent by 2014.