The phrase, coined from words Greece or Greek and exit, stands for the forced, voluntary or accidental withdrawal of Greece from the Eurozone. To make it even simpler, from that point on, where Grexit happens, Greece will no longer be able to use Euro as their currency, but will have to revert back to the Drachma or some other, new currency. Right now, because there is a stall during the negotiations, Greece cannot use any money, because, simply, they do not have it. Interestingly enough, this phrase, Grexit, was not coined in 2015. It was coined during the first huge financial crisis of Greece in 2012. As usual, it was again a bunch of misinformation placed by American or US paid financial “experts” who tried to destabilize the Euro even further.
First of all, a total Grexit, or Greek exit out of the EU or EMU is impossible, at least legally. Additionally, Greece is providing only 2% to the GDP, they do not influence the Euro at all. But should Greece leave the EU, or get kicked out, it would destabilize the whole Union, where couple of other countries may also see a way out, in order to prosper as yet another state run by corruption and crime. America would literally pay to see that happen.
If you ask yourself what does the US have to do with EU and their inner affairs? Well, plenty, since that most of the destabilization has been orchestrated and facilitated by the US Agencies and financial moguls. The financial war is burning, the new cold war is not with Russians or China, no it is with the EU and the fight is about the dominance of the local currency. Until the Euro came along, the US Dollar was the undisputed ruler of the world. Since the EMU and the Euro that position has been cast into doubt, the US has been humiliated and their economy put into place, where they are not the only superpower out there, in financial terms that is.
In global companies, most of the controlling capital is increasingly in EU hands, domination is increasingly hidden behind corporate labyrinths and investment funds. Some other global companies, predominantly in Chinese, Indian or Russian hands were not that happy to see all of this take place and decided they will use the opportunity and bash the US and the EU right in the middle of the war by introducing their own version of alliance, aptly named BRICS, whereby their main competitors are deemed the IMF and the World Bank. BRICS intends to implement a joint currency sometime down the line, but recent instabilities in all participating countries have dampened the enthusiasm a bit.
Nevertheless, a third player, which by the way was also pulled out of the hat during negotiations by none other than Tsipras, would additionally heat up the whole new cold war situation and lead towards an inevitable collapse of the liberal financial model, that propagates debt and consolidation of such debts, instead of investing and expanding. Grexit will have absolutely no, or next to no impact on any of these, mainly because the EU has already put measures into place, where any outcome of the Greek saga will have no influence on the EU or Euro. Right now, the preferred idea is to give Greece a bit of time to compose an alternative, but workable proposal, if they are not happy with what EMU partners provided as a solution.