January 29, 2007
A poll published today by the Financial Times reveals that a large majority of citizens in the big eurozone countries think that the euro has had a negative impact on their national economies. An example: Almost two thirds of the Germans still say they would prefer the D-Mark over the euro – eight years after the start of EMU, and five years after the introduction of euro notes and coins. And only five percent of the French think the euro has had a positive effect on the French economy. Along with data from other eurozone countries such as Spain and Italy, these figures confirm a known trend: the advantages of European monetary integration are largely underestimated.