The Bank of Greece foresees a dramatic drop in per capita income by 55 per cent 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 per cent, unemployment ballooning to 34 per cent, and inflation initially hitting 30 per cent due to increased prices on imported goods.
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