Citigroup economist Ebrahim Rahbari was the one who came up with the term Grexit back in February 2012. Back then, they felt that there would be a 50% risk for Greece’s exit from the Eurozone over the coming 18 months and 90% until 2014. The use of the term rocketed in 2015, with the addition of more terms such as Grexident and Grexodus.

Rahbari developed a new word to describe Greece’s situation following his prediction for a Grexit in 2014. Now, it’s time for Grimbo (Greece in Limbo) he told Bloomberg.  Rahbari sees two scenarios for Greece. The first concerns an agreement through capital controls and a possible bankruptcy whereas the second is that of Grimbo, meaning IOUs and capital controls while Greece continues to remain in the eurozone.