Who wants the Euro?

Note kindly translated by Anne-Marie de Grazia

A Gallup International opinion poll of 15 countries of the European Union (taken between November 30 and December 3, 2015 polling 14,500 people) reveals significant changes as to the perception of the Euro. The results of this poll, which we are presenting here, deserve to be read attentively.

A – 01Gallup-Euro

It shows that in the EU countries, which are not members of the Eurozone, the image of the Euro is strongly degraded and that in two countries of the Eurozone, Italy and Greece, a majority of the people are in favor of leaving the Euro.

Chart 1

Do you prefer the Euro or your national currency?

EURO National currency Indecided
GREAT-BRITAIN 6% 83% 11%
BULGARIA 9% 74% 17%
SWEDEN 12% 80% 8%
DENMARK 13% 76% 10%
ROMANIA 26% 56% 19%
GREECE 43% 44% 12%
NETHERLANDS 43% 41% 16%
ITALY 45% 47% 8%
FRANCE 54% 31% 15%
GERMANY 55% 38% 7%
BELGIUM 56% 28% 15%
SPAIN 58% 32% 10%
IRELAND 60% 28% 12%
FINLAND 62% 25% 13%
ALL 41% 47% 12%

Opinions against the Euro seem to be very sharp in Great-Britain, in Sweden, but also in Denmark and in Bulgaria. But it also appears that in two countries of the Eurozone, Greece and Italy, the preference for the national currency is winning the day. In the case of Greece, this is an important turn-around in relation to last Summer. Greek opinions were, until now, widely in favour of the Euro. Forthwith, the perspective of a Grexit no longer to scare the Greeks.

The case of Italy appears emblematic. Italy is one of the historic « heart » countries of the EU and of the Eurozone. The preference for the national currency is now clearly in the majority. We notice moreover that in the Netherlands, the Euro prevails only by a very slight majority. Moreover, in Italy, at least two parties (Beppe Grillo’s M5S and the «Northern League») have publicly and repeatedly expressed doubts as to maintaining the country in the Eurozone. We must also note the existence of a significant debate in the Netherlands. One of the conclusions which can be drawn from this opinion poll is that, when a true debate is taking place over the question of the Euro, the reluctance of the public ends up subsiding. This is an important lesson to keep in mind. A truly democratic debate plays against the Euro.




Jacques Sapir

Ses travaux de chercheur se sont orientés dans trois dimensions, l’étude de l’économie russe et de la transition, l’analyse des crises financières et des recherches théoriques sur les institutions économiques et les interactions entre les comportements individuels. Il a poursuivi ses recherches à partir de 2000 sur les interactions entre les régimes de change, la structuration des systèmes financiers et les instabilités macroéconomiques. Depuis 2007 il s'est impliqué dans l’analyse de la crise financière actuelle, et en particulier dans la crise de la zone Euro.

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