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Economist Who Coined ‘Grexit’ Now Says Greece Will Stay in Euro
The man who coined the term “Grexit” in February 2012 to describe the risk of Greece leaving the euro area now thinks the country will stay after all. “We expect the referendum to result in a comfortable majority for the ‘Yes’ camp, and expect no Grexit this year and a lower risk of Grexit in subsequent years,” Citigroup Inc. economists including Ebrahim Rahbari wrote in a research note for clients on Sunday. Their research was published after Greece Prime Minister Alexis Tsipras called a referendum on whether to accept more austerity in exchange for aid. Three years ago, Rahbari and his colleagues put ... (full story)
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