The Greek withdrawal from the eurozone is the potential exit of Greece from the eurozone monetary union in the 2010s, primarily for the country to deal with its government-debt crisis. The controversial and much discussed possible exit is often referred to as "Grexit", a portmanteau combining the English words "Greek" and "exit". The term was coined by the Citigroup economist Ebrahim Rahbari and was introduced by Rahbari and Citigroup's Global Chief Economist Willem H. Buiter on 6 February 2012. Proponents of the proposal argue that leaving the euro and reintroducing the drachma would dramatically boost exports and tourism and encourage the local economy while discouraging expensive imports. Opponents argue that the proposal would impose excessive hardship on the Greek people, cause civil