Only 47% of Germans believe that their country has benefited from the euro, with the majority being skeptical about the common currency, Deutsche Wirtschafts Nachrichten reported.
In early 2002, shortly before the introduction of the euro, 54% of Germans claimed they were skeptical about the transition to a new currency and 51% expected more problems than benefits.
However, PR and advertising have done their job, with the country entering into the monetary union. Just a few weeks after that, the results were different. The new currency was approved by approximately 60% of Germans, while only 37% expressed their disapproval, the media source reported.
Nevertheless, now, when the country has experienced economic crisis and significant devaluation of the euro against the dollar, German public opinion is again demonstrating a negative attitude towards the common European currency. Surprisingly, even young people who cannot remember the national currency are in favor of the DM, the article said.
DWN also noted that Germany’s residents are in fear of the possible return of the economic and financial crisis. Fifty-eight percent of the respondents are worried about their savings, with many distrusting of banks, opting to keep their money at home.
