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Has the financial crisis shattered citizens' trust in national and European government institutions? CEPS Working Document No. 343/February 2011

Roth, Felix and Nowak-Lehmann D., Felicitas and Otter, Thomas. (2011) Has the financial crisis shattered citizens' trust in national and European government institutions? CEPS Working Document No. 343/February 2011. [Working Paper]

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    Abstract

    The financial crisis has differently affected trust in national and European governmental institutions. Our paper analyses the determinants of trust in national and European institutions over the last decade – with particular focus on the 2007-09 period – and comes to the conclusion that citizens’ declining trust in national governments is related to an increase in unemployment in the EU-15 and EU-25. In the EU-25, falling trust levels in national parliaments are also associated with an increase in government debts. Trust in the European Commission and European Parliament seems strongly associated with the situation in the real economy (growth of GDP per capita). Furthermore, our analysis confirms that trust in national institutions has actually increased in the direct aftermath of the financial crisis.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    EU policies and themes > Policies & related activities > political affairs > public opinion
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Working Documents
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 Feb 2011
    Page Range: p. 25
    Last Modified: 15 Feb 2011 18:42
    URI: http://aei.pitt.edu/id/eprint/15772

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