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Guardian ponders Grexit as Moscow Times asks "What's Next?"
The Guardian's article, titled "Athens is Being Driven Closer to a Grexit", focuses on the chances of it happening
The Guardian writes that a "trap door is slowly opening under Athens." Refering to the Finns and a leaked report offering plans of a Greek exit and German obstinence concerning its intolerance of Greece reneging on its own borrowing.
To coin a phrase… Grexit, Grexodus or Grexident?
Grexit – The Greek withdrawal from the eurozone.
Grexodus – Better conveys the Greek withdrawal to convey the meaning of a Greek withdrawal because “exit” is a Latin word but “exodus” is Greek in origin. In the biblical use, the word conveys deliverance from bondage.
Grexident – A Greek withdrawal from the eurozone that catches everyone unaware as it happens by accident.
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Der Spiegel cites ‘hope’ for reaching deal on Greek matter
The “Institutions” seem to be confident that an agreement with Athens will be reached, since a list of measures and reforms proposed by the Greek government is “obviously improved”, and quite specific, according to German magazine Der Spiegel.
Deutsche Bank presents three Grexit scenarios
According to an article at economic-stock market ZeroHedge blog, the fate of Greece is expected to be decided in the coming days.
According to the article the three scenarios have as follows:
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Bank of England official worries about possible lack of Greek debt settlement
A Bank of England official stated that a possible failure to find a political solution to the Greek public debt may lead to a market crisis, according to Bloomberg.
“Grexit” company sees rise in internet traffic
European politicians may be poring over the details of the rescue program but a small business on the other side of the Atlantic sees their customers multiplying, since their service is actually called “Grexit”.
Based in Palo Alto, California, a tech company called Grexit has seen an important “rise” in traffic to their website.
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CNN: 7 reasons why "Grexit" wouldn't be a total wipeout
It was CNN's turn this week to wade into the furor circulating over Europe and whether the Greek side will finally reach a deal with its eurozone partners cum creditors.
According to the once trail-blazing Atlanta-based international news network, there was seven reasons why a so-called "Grexit would not be as cataclysmic as when it first "reared its head" in 2010 or 2012.
EBRD says Grexit unlikely, would undermine stable euro model
A Greek exit from the eurozone -- or Grexit -- would undermine the model of euro stability, a senior European Bank for Reconstruction and Development (EBRD) official said on Tuesday, but the EBRD does not expect it to happen.
EU Commission Says Grexit 'Legally Impossible'
The European Commission warned on Monday there was no legal mechanism which Greece could use to leave the Eurozone, a hypothetical event commonly dubbed "Grexit".
Remarks of Brussels officials followed a report by German news weekly Der Spiegel which claimed Berlin was inclined to accept a Grexit scenario after having put forth much effort to avoid it in the last years.
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