Just when I thought I may be finally getting a grip in some of the financial lingo that’s tossed around Wall Street, I hear two terms I’ve never heard before. Spanic and Grexit.
I was relieved to find out that they are new words which can’t be found in any dictionary anywhere, yet. They were coined for the crisis that’s happening in Europe right now.
Grexit refers to Greece, and its “exit” from the Euro. The “exit” doesn’t look like it’s happening anytime real soon. The country voted and it looks like it is staying in the Eurozone for the time being.
Spanic is for the “panic” that’s happening in Spain right now. This country is in full panic mode due to a boatload of debt and loans, which are all pointing to a major financial fiasco down the road.
So, there you have it. Two new words to add to your vocabulary. I’ll have to use them at my next party to totally impress my friends. Maybe even this Greekend (I mean weekend. That’s another one!)
Peace Love Profits,