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Euro 'bad for the economy,' say French, Germans, Spaniards
Date 16/09/2010 12:12  Author webmaster  Hits 1141  Language Global

16 SEP 2010

By Valentina Pop

EUOBSERVER / BRUSSELS – As EU leaders gather in Brussels to brainstorm on the EU's role on the world stage and ways to toughen eurozone fiscal discipline, a fresh survey shows that most citizens in the main euro-countries think the common currency has been bad for the economy and are looking at national governments rather than the EU to tackle the economic crisis.

Some 60 percent of the French, and more than half of German, Spanish and Portuguese respondents said that the euro was "a bad thing for their economy", according to Transatlantic Trends, a survey published on Wednesday (15 September) by the German Marshall Fund of the United States.

The US think-tank carried out the survey in June in 11 EU countries and found that only the Netherlands and Slovakia had majorities saying the euro is a good thing.

Outside the eurozone, 83 percent of the British, 53 percent of Poles and 42 percent of Bulgarians thought that using the euro would be bad for the domestic economy. The only exception was Romania, where 54 percent of respondents are in favour of the common currency.

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