50 euro note euro banknote is about four years before it is replaced due to wear. It is the fourth smallest note, measuring 140 mm × 77 mm, and has an orange colour scheme. The note depicts bridges and arches/doorways in the Renaissance era (15th and 16th centuries). The €50 note contains several complex security features such as watermarks, invisible ink, holograms and microprinting that document its authenticity. The full design of the Europa series €50 banknote was revealed on 5 July 2016. The new 50 note was released on 4 April 2017. The euro was founded on 1 January 1999, when it
Greek withdrawal from the eurozone bank, the Bank of Greece) warned that "[a]n exit from the euro would lead to a significant decline in the living standards of Greek citizens." According to the announcement, per capita income would fall by 55%, the new national currency would depreciate by 65% vis-à-vis the euro, and the recession would deepen to 22%. Furthermore, unemployment would rise from its current 22% to 34% of the work force, and inflation, which was then at 2%, would soar to 30%. According to the Greek think-tank Foundation for Economic and Industrial Research (IOBE), a new drachma would lose half or more of