5 euro note less than a year before it is replaced due to wear. Measuring 120 x 62mm, it is the smallest of the euro notes, and has a grey colour scheme. The five euro banknotes depict bridges and arches/doorways in Classical architecture (up to the fifth century). The five euro note contains several complex security features such as watermarks, invisible ink, holograms and microprinting that document its authenticity. On 8 November 2012, the European Central Bank announced the first series of notes will be replaced by the Europa series, starting with the 5 euro note on 2 May 2013. The euro was
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