Euro Crisis Has New Buzzword: 'Grexit' That's slang for 'Greek Exit' By Kevin Spak, Newser Staff Posted May 22, 2012 9:47 AM CDT 1 comment Comments A man passes a plaque of a Greek one-drachma coin, which was replaced by the euro in 2002, in central Athens, on Tuesday, May 22, 2012. (AP Photo/Petros Giannakouris) (Newser) – Want to strike fear into the hearts of European bankers? Throw around the term "grexit." It's slang invented by Citigroup referring to Greece's euro exit, and it's part of a growing lexicon of weird terms surrounding the eurozone crisis, the Wall Street Journal reports. Other key terms to know: Guero—A Deutsche Bank invention, referring to a parallel currency Greece could create while remaining nominally part of the eurozone. How is it pronounced? "Very good question," its creator says. "I'd say 'gh-euro.'" Neuro/sudo—terms, coined by ex-Barclays CEO Martin Taylor, referring to hypothetical currencies that could be created by splitting the euro into a stronger northern currency (neuro) and weaker southern one (sudo). Drachmail—the idea that Greece is using the threat of returning to the drachma to blackmail Europe. Eurogeddon—self explanatory.