Grexit is a term coined to describe the possible exit of Greece from the eurozone, the group of European Union countries using the euro as their currency. The concept emerged during the European sovereign debt crisis in the early 2010s, when Greece faced severe fiscal deficits, high debt levels, and economic recession. Analysts debated its potential impact on financial markets, European integration, and the Greek economy, with concerns over currency devaluation, inflation, and investor confidence.