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Grexit, short for "Greek exit," refers to Greece's potential withdrawal from the Euro-zone and the reintroduction of the drachma as its currency.
Greek Drachma Definition
The Greek Drachma is the former basic unit of currency in Greece. The Greek Drachma was an ancient currency unit used in many Greek city-states.
Calexit: The Secession of California
"Calexit" refers to the secession of California from the United States, after which it would become an independent country.