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
Kosovo and the euro Kosovo and the euro Before Kosovo declared its independence in 2008, Kosovo unilaterally adopted the euro as its currency in 2002 when it was a United Nations mandate; although, it is not an official eurozone member. During the disintegration of Yugoslavia in the 1990s Kosovo unsuccessfully attempted to gain independence, and in 1998-1999 the situation escalated with the Kosovo War. Kosovo declared independence on 17 February 2008. out of () United Nations member states have formally recognised the Republic of Kosovo. Notably, 23 out of 28 () member states of the European Union and 24 out of 28 () member