Grexit, Brexit, Eurozone, EU: What's The Difference?
What exactly is a Grexit and a Brexit? We break down the European Union policies that make these words more different than they sound.By Kate Grumke | September 17, 2015
Grexit is Greece's potential exit from the eurozone, while Brexit is the United Kingdom's potential exit from the European Union. Here's the difference.
The eurozone is the group of countries that has adopted the euro as its currency. The European Union, on the other hand, is the group of countries that formed an official union in 1993.