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Majority of Germans want to keep the euro

The Local · 10 Dec 2010, 11:08

Published: 10 Dec 2010 11:08 GMT+01:00

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Sixty percent of those polled said they preferred the euro, while one-third said they longed for the return of the Deutsche mark, the survey for broadcaster ARD found.

The nostalgia for the former German currency was highest among less-educated. Forty-nine percent said they wanted to fill their wallets with the mark once again after 11 years with the euro.

Meanwhile 80 percent of the highly educated participants said they were against the reinstatement of the old bills and coins.

The poll, which questioned 1,000 representative citizens earlier this month, showed a change in sentiment since a July survey by research institute Ipsos, which showed 51 percent of Germans longing for the Deutsche mark.

German confidence in Europe's single currency has been rocked in recent months by both the Greek and Irish debt crises and the eurozone's ensuing bailouts.

Story continues below…

Though it remains considerably stronger versus the US dollar than the mark was back in 1998, the euro's precipitous decline has sparked concern in Europe's largest economy.

The Local/ka

The Local (news@thelocal.de)

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Your comments about this article

13:20 December 10, 2010 by hanskarl
Isn't ARD part of the government?
13:28 December 10, 2010 by maxbrando
To hanscarl, Correct. No independent thought there. Just mouthing the official line.

About statistics: If you torture them enough, they will tell you anything
13:51 December 10, 2010 by auniquecorn
80 percent of the highly educated participants?

So the poll was´nt in Germany?
06:41 December 11, 2010 by slawek
"The nostalgia for the former German currency was highest among less-educated." Looks rather like the ZDF wants to send a very particular message here. But there is very little education in Finance among Germans in general, I wonder why the ZDF would want to point to the educated. The less-educated generally respond more strongly to life's nessecities.

For the most part it doesn't surprise me Germany wants to keep the Euro, while the Euro kills Greece most of the Euros flow back to Germany making it only stronger. We will only have to get used to co-finance the unemployment in weaker countries, like the ones referred to as PIIGS and we can stay rich for centuries.
00:28 December 12, 2010 by JohnnesKönig
"Majority of Germans want to keep the euro"

You lie!
12:09 December 12, 2010 by MonkeyMania
Prove they lie then. I think most Germans appreciate how much easier having a single currency benefits them and how it is benefiting German exports at the moment. If Germany had the DM still, exports would be more expensive and would cause less employment.
15:09 December 12, 2010 by Gretl
MonkeyMania - I know most Germans lament the decision to switch to the Euro, when they lost half the value of their savaings accounts, and prices didn't reindex. Whether they want to give it up now?
16:03 December 12, 2010 by catjones
Shouldn't be difficult to find those in favor of the DM....check street view.
16:36 December 12, 2010 by Der Grenadier aus Aachen
Germans would be idiotic to give up the Euro. The appreciation on a Mark would hamper Germany's exports instantly and permanently.

There is a reason that Germany is such a defender of the Euro, and that's because on the bottom line, it benefits massively from it.
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