News Column

Report: 55 Percent Dip Per Person on Greek Euro Exit

May 29, 2012
Greek euro coin

The Bank of Greece foresees a dramatic drop in per capita income by 55 percent should the country exit the eurozone, according to a report published on Tuesday.

In its report, the Bank of Greece said living standards would fall dramatically with the depreciation of the new currency, with recession reaching 22 percent, unemployment ballooning to 34 percent, and inflation initially hitting 30 percent due to increased prices on imported goods.



Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


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