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'We still believe in euro,' say half of Germans

The Local · 18 Aug 2012, 14:47

Published: 18 Aug 2012 14:47 GMT+02:00

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The study, conducted by the Allensbach research institute, asked respondents how they would vote in a referendum on Germany’s membership of the eurozone.

It found that 50 percent of Germans said they would vote in favour of holding on to the single currency.

Less than one in three people said they would like to see Germany go it alone. The remaining 21 percent were undecided.

The study asked 1,000 respondents aged 16 and over.

But Germany’s confidence in the eurozone may still be shaken. On Saturday leading economists called for a devaluation of the euro against the dollar in a bid to help crisis-stricken eurozone nations.

“I imagine that the euro must continue to lose value,” economist and Oxford lecturer Clemens Fuest told the Welt am Sonntag newspaper.

According to Paul De Grauwe, professor of international economics at the Leuven university in the Netherlands, reforms alone cannot make debt-ridden countries competitive again.

“The Germans need to change their position,” said De Grauwe. “Their desire for an expensive currency is purely emotional and has little to do with rational analysis.”

Story continues below…

The Local/ccp

The Local/ccp

The Local (news@thelocal.de)

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Your comments about this article

16:28 August 18, 2012 by cheeba
What to make of this?

On 29 July the Local reporteded on an Emnid poll showing that over half were opposed to the euro.

Now today we are told of an Allensbach poll showing the opposite.

The Emnid poll was commissioned by BILD, we know that newspaper is euro sceptic.

The Allensbach institute of Friedrichshafen was always famous as Helmut Kohl's favorite pollster, very close to that wing of the CDU which is euro fanatic.

Obviously a case where you can pose a question in such a way To get the answer you desire.

They can't both be right, and only two weeks has passed.
11:15 August 19, 2012 by smart2012
Cheeba, use your brain. Merkel/Scheuble for the last 1.5 years have used the strategy "Germany is strong and do not need euro". The strategy failed, and Germany is now struggling economically. If merkel would keep the strategy used so far, next year she will lose against extremist anti euro. As noone wants this (I mean big companies, with DM they will die), now merkel is changing strategy, and this last survey + yesterday speach of scheuble in Berlin are the confirmation. This shows to me how merkel is weak, she should have behaved like now 1.5 years ago, and now we would all be better off. Now it is too late. And yes, u r right, nothing can be changed in the German mind in two weeks, it is just a political game. U see, once we agree ;)
22:28 August 19, 2012 by toemag
I never liked the €U idea or the Euro, but the loss of the Euro will be the death of a lot of ex-€U countries, we have invested to much into bailouts to come away from this unscathed. It will have to work or implode on itself and we will all suffer. Guess if the Euro falls apart we can go back to the DM with an introductory exchange rate of €12 to DM1....
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