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
Language and the euro 1999 with the motivation that "euro is a masculine noun". But the issue was then re-examined many times. Finally, in 2001 the consensus of the Accademia coalesced in favour of invariability. The rationale was based on the fact that abbreviated words originating from a longer word (for example "auto" from "automobile" (car) or "moto" from "motocicletta" (motorbike)) do not have a plural form, as well as the fact that the word "euro" is considered an abbreviation of the word "Eurovaluta" (European currency) . In 2002 an amendment to the financial act was proposed to adopt "euri" as the plural form