(MENAFN) Greece's New Democracy party leader, Antonis Samaras, stated that in case the country chooses to unilaterally terminate its loan deal with its international lenders, then Athens will have to leave the euro zone, reported Gulf News.
Samaras said that the consequences on the Greek society will be catastrophic, as the country will go bankrupt, whereas living standards will be slashed to a quarter of what they are at the current time if the drachma, Greece's old currency, is back, with incomes and the value of bank deposits and property down by at least half within a short time.
He added that the drachma would decrease in value by at least 50 percent, while prices would go up by at least 25 percent, moreover, Greece's debt to gross domestic product (GDP) ratio would double.
It is worth noting that Greece's exit from the euro zone will cost Europe between USD625.72 billion and USD1.25 trillion.
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