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