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\grɛgzɪt, grɛksɪt\ A portmanteau of "Greek/Greece" and "exit," the term "Grexit," popularized in May/June of 2015, has been applied to the possible exit of Greece from the European-currency zone, popularly known as the "eurozone" (also "Eurozone," "Euro zone," and "euro zone") because of its heavy debt to EU creditors like Germany.
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