Monday, May 21, 2012

‘Grexit’, ‘Geuro’ and ‘Neuro’ — What’s in a Name?

Wall Street Journal
May 21, 2012

The euro crisis is bad enough, but its rapidly growing lexicon is ugly too. Banks (and a few journalists too, it must be admitted) have taken in recent months to creating some gruesome word-mashes to describe the events in Greece and the rest of the region.

It all really started with ‘Grexit’ (Greek euro exit, to most ordinary folk) — a term coined by Citigroup back in February.

Initially met with groans from most quarters, the quasi-word is now in common usage among analysts and investors across the board.

Now it seems Citigroup has created a monster. Monday, Deutsche Bank came up with the idea for a currency for Greece to use without fully leaving the monetary union. Its nickname, inevitably, is ‘Geuro.’

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