It’s time to introduce another word to the lexicon of EU commentary: “Gretention”

Greece’s exit from the Eurozone, widely predicted earlier this year as being almost inevitable, has not come to pass. Edward Price argues that “Grexit“ has largely been avoided by the friction of the EU’s institutions, and that the slow decision making that has characterised the eurozone crisis has given countries time to form new governments and adopt new positions on the future of the single currency. Now, he writes, we must explain “Gretention”, or why Greece did not leave the euro in 2012.