Time to add a new word to your vocabulary ... 'Grimbo'

Author: Eamonn Sheridan | Category: News

Grimbo has just been added to Grexit and Grexident

We all know Grexit ... the nifty jargon for a Greek exit from the eurozone

And you may have heard the more recent Grexident ... an accidental exit for Greece due to all this dilly-dally

Well, now there's 'Grimbo'

I struggled with trying guess this one. I thought it might be a combination of 'Greek' (D'uh...) and 'bimbo', but couldn't see its relevance to the crisis...

Picture is unrelated

So, I gave up and read that ...

Citigroup has just added a new word to the crisis lexicon, warning that Greece could fall into financial limbo - a "Grimbo" - if Athens fails at securing more money from its international lenders and the reform negotiations remain deadlocked.

That's at this article, here. And, here's another little snippet from the article ... " in February 2012 ... Citigroup put a 50% probability that Greece would exit the eurozone within 18 months, and later raised the odds to a 90% risk by 2014." The latest probabilities are here.


We really need more of these words.

I'll get the ball rolling with Greekend. A weekend where I'll be eating souvlaki. Like this one coming.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose