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The economist who coined the phrase 'Grexit' now thinks Greece is likely to leave the euro
Citi chief economist Willem Buiter has changed his mind. Buiter, the the man who coined the term "Grexit," now thinks Greece leaving the euro zone is the most likely outcome. Just 3 months ago, Citi said a Greek exit from the monetary union was "unlikely." Greece's referendum on Sunday emphatically rejected the bailout deal Greece's European creditors had offered, leaving the country with shuttered banks, capital controls, and the prospect of being practically ejected from the single currency if it doesn't present a much more acceptable plan very soon. Investment bank economists have been queueing round the corner to ... (full story)
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