Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Germans put trust in the euro 10 years on

Share this article

Germans put trust in the euro 10 years on
Photo: DPA
15:08 CET+01:00
A decade after its introduction, three-quarters of Germans have confidence in the stability of the common European currency, the euro, a survey by the polling firm Forsa has found.

More than half of those asked said they thought that being a part of the eurozone, the 15 countries which use the single currency, had allowed Germany to better weather the current financial crisis.

Despite their positive overall feelings toward the money and falling inflation rates, 49 percent of Germans still think the euro resulted in price hikes when it was introduced. Many Germans used to refer to the currency as the Teuro, a combination of the word teuer, or expensive, and euro.

The poll, whose results were released on Monday, also found that most Germans have not forgotten the beloved Deutsche mark. Even after ten years, one in two people converts to marks when making large purchases. Only one in four Germans no longer thinks about marks at all when looking at price tags.

In fact, according to the German Savings Bank Association, which commissioned the survey, many Germans are still hanging on to Deutsche mark coins and bills as collectors’ objects or just for nostalgia’s sake. The average number in drawers or cookie jars totals around 80 marks or roughly €40.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university tackling the challenges of tomorrow

Ranked among the world’s best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement