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Do Germans support the Euro? CEPS Working Document No. 359, 15 December 2011

Gros, Daniel. and Roth, Felix. (2011) Do Germans support the Euro? CEPS Working Document No. 359, 15 December 2011. [Working Paper]

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    This paper analyses public support for the euro in Germany. Drawing from the results of regular Eurobarometer surveys, it finds that the ongoing financial and sovereign debt crisis has reduced support for the euro among German citizens, but not dramatically so – at least not yet. In the 1990s, the German public was sceptical towards the euro. But since the introduction of euro banknotes and coins, a clear majority of citizens supports the euro – despite the financial and sovereign debt crisis. Moreover, on average, support for the euro is at a similar level in Germany as it is elsewhere in the euro area. This salient finding, however, appears to contradict the results of a survey conducted by the Allensbach Institute, an influential public opinion polling centre in Germany, which concludes that an overwhelming majority of Germans do not trust the euro any more. We suggest that this striking difference in findings could be due to three factors: a) the fact that the Allensbach Institute and Eurobarometer were measuring different concepts: trust in the euro and support for the euro, respectively; b) the Allensbach Institute’s results might be biased, given the scaling of their trust question and c) the fact that Eurobarometer frames its survey questions explicitly in a European context, whereas the Allensbach surveys have a purely national context.

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    Item Type: Working Paper
    Subjects for non-EU documents: Countries > Germany
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > Policies & related activities > political affairs > public opinion
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: 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: 21 Dec 2011 17:53
    Number of Pages: 19
    Last Modified: 21 Dec 2011 17:53

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