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
2002 Euro Beach Soccer Cup eighth place. The following matches took place between the losing nations in the quarter finals to determine the final standings of the nations finishing in fifth to eighth place. The semi finals took place on the same day of the semi finals of the main tournament and the play offs took place on the day of the final. 2002 Euro Beach Soccer Cup The 2002 Euro Beach Soccer Cup was the fourth Euro Beach Soccer Cup, one of Europe's two major beach soccer championships at the time, held in February 2002, in Barcelona, Catalonia, Spain. Portugal won the championship, claiming