Business World

Thursday 23 March 2017

Poll shows French, Germans see euro as 'bad thing'

Majorities across Europe view the euro as a "bad thing" in the wake of the sovereign debt crisis that rattled the continent, a survey showed.

Fifty-five percent of Europeans voiced negative sentiments about the currency, led by a 60pc disapproval rate in France and 53pc in Germany, according to a poll released today by the German Marshall Fund of the United States and the Italian foundation Compagnia di San Paolo.

Majorities remained committed to the idea of a more united Europe, indicating that they don’t want to junk the 11-year-old single currency even as it serves as a focus for popular anger. Pollsters didn’t ask about the euro last year.

“If there was one casualty of the crisis in terms of the symbols and institutions of Europe, it was the euro,” said Bruce Stokes, a senior fellow at the German Marshall Fund in Washington.

“But we shouldn’t over-interpret that: it doesn’t necessarily mean they want to abandon it.”

The ninth annual survey of 13,000 people was conducted in 11 EU countries, Turkey and the US between June 1 and June 29. The margin of error was 3 percentage points.

While 57pc of European Union citizens felt the economic calamity should lead to a stronger, more integrated EU, only 39pc want to see the main crisis-management decisions made at the European level.

One exception was Germany, the country footing the biggest share of the €860bn in loans and pledges to prevent Greece’s fiscal woes from infecting the rest of Europe. Some 54pc of Germans were in favour of European solutions.

Bloomberg

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