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Brexit (and its early variant, Brixit), is a portmanteau of Britain and exit. It was derived by analogy from Grexit, referring to a hypothetical withdrawal of Greece from the eurozone (and possibly also the EU).
This will depend on how the EU is changed by the loss of the UK. Mapping Out the Implications for the EU. There are five broad areas where the EU might be changed by a Brexit. For each area, three overall scenarios are discussed, scenarios similar to those outlined by Tom Wright in his piece âEuropeâs Lost Decadeâ.