Cliche of the Week 97 – Grexit

June 25, 2012 at 5:46 pm Leave a comment

The signpost to the financial apocalypse is a Grexit where a tragic Greece exits the Euro zone stage via a bleak off ramp.

The mashed word was created by a Citigroup analyst in February, rose as a hash tag on Twitter in March and was over-loved by the media more than 160 times a week in May and June.

By comparison an Indian startup, Grexit, a system to make sense of mountains of email, has received little media coverage.

“There will be horrific volatility in the days following Grexit, but long-term investors should hold their nerve.” (Euromoney, May 31)

“Even the possibility of a “Grexit” has made people in the other Mediterranean countries nervous. The most telling sign of contagion is the deepening crisis in the Spanish banking system as depositors withdraw their money.” (Newsweek, June 18)

While Grexit is being scattered within reporting more often than linking ‘Greek’ with ‘apocalypse’, some gluttons ease both into the story.

“In the blackest scenarios, the consequences of a Grexit are cataclysmic.” (The Observer, June 18)

And later in the same article: “What makes these exercises even more scary for their participants is that they know that their war gaming is only an educated guess about the shape of the apocalypse.”

Cliché of the Week appears in The Australian newspaper Mondays. Clichés in the media are tracked across the world using Factiva and Dow Jones Insight.

Chris Pash’s book, The Last Whale , a true story set in the 1970s, was published by Fremantle Press in 2008.

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Entry filed under: Cliche of The Week. Tags: , .

Cliche of the Week 96 – Recent Memory Cliche of the Week 98 – Pursue Other Interests (POO)

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