Proposals

By Mark Gilbert

Deutsche Bank has circulated a chart describing the five necessary steps in order for Greece to avoid an exit from the Eurozone, the financial markets' "bogeyman" known as "Grexit".

-The first step is a short-term bailout extension, or "loan agreement" extension, as Athens prefers to call it.

Jevons Global founder and CIO Kingsley Jones point blank told CNBC on Monday that the Greek debt “is not repayable in this lifetime”.

“We have to be realistic here. Greek debt is now 175 percent of gross domestic product (GDP); it’s higher than it was when this whole business first started,” he emphasized.

By Xenia Kounalaki

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.

The euro fell to a one-week low against the dollar on Friday on concerns that a crucial meeting on Greece's request for a six-month loan extension could end without easing the country's funding crisis.

EZ ministers meet at the Eurozone shortly after 4 p.m. on Friday to discuss Greece's future. Germany's rejection of the Greek offer for a 6-month extension to the bailout deal and the current negotiations have brought talk of a Grexit to the fore. Twitter uses with a sense of humor and a knack for graphic arts gave their own suggestions to what a new drachma currency should look like.

The arduous negotiations between the EU and Greece over a temporary loan to resolve Athens? bailout crisis has reawakened fears of a "Grexit", or Greek exit from the single currency bloc.

Here are in three questions some of the issues at stake:

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.

Greece?s bonds fell after talks between its newly elected government and euro-area finance ministers broke down without agreement on how to fund the nation when its bailout expires on February 28.