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Public opinion and the crisis: the dynamics of support for the euro
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Public opinion and the crisis: the dynamics of support for the euro

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  • Hobolt, Sara B.
  • Wratil, Christopher

Abstract

Further integration in the European Union (EU) increasingly depends on public legitimacy. The global financial crisis and the subsequent euro area crisis have amplified both the salience and the redistributive consequences of decisions taken in Brussels, raising the question of how this has influenced public support for European integration. In this contribution, we examine how public opinion has responded to the crisis, focusing on support for monetary integration. Interestingly, our results show that support for the euro has remained high within the euro area; however, attitudes are increasingly driven by utilitarian considerations, whereas identity concerns have become less important. While the crisis has been seen to deepen divisions within Europe, our findings suggest that it has also encouraged citizens in the euro area to form opinions on the euro on the basis of a cost–benefit analysis of European economic governance, rather than relying primarily on national attachments.

Suggested Citation

  • Hobolt, Sara B. & Wratil, Christopher, 2015. "Public opinion and the crisis: the dynamics of support for the euro," LSE Research Online Documents on Economics 60788, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:60788
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    File URL: http://eprints.lse.ac.uk/60788/
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    References listed on IDEAS

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    Cited by:

    1. Grigaliuniene, Zana & Celov, Dmitrij & Hartwell, Christopher A., 2020. "The more the Merrier? The reaction of euro area stock markets to new members," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 66(C).
    2. Andree Ehlert & Jan Seidel & Ursula Weisenfeld, 2020. "Trouble on my mind: the effect of catastrophic events on people’s worries," Empirical Economics, Springer, vol. 59(2), pages 951-975, August.
    3. Felix Roth & Lars Jonung, 2022. "Public Support for the Euro and Trust in the ECB: The First Two Decades of the Common Currency," Contributions to Economics, in: Public Support for the Euro, chapter 0, pages 1-19, Springer.
    4. Felix Roth & Edgar Baake & Lars Jonung & Felicitas Nowak-Lehmann D., 2022. "Revisiting Public Support for the Euro, 1999–2017: Accounting for the Crisis and the Recovery," Contributions to Economics, in: Public Support for the Euro, chapter 0, pages 21-45, Springer.
    5. Athina Economou & Christos Kollias, 2024. "The 2015 Refugee Crisis and Institutional Trust in European Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 173(2), pages 377-396, June.
    6. Leon Kanthak & Dennis C Spies, 2018. "Public support for European Union economic policies," European Union Politics, , vol. 19(1), pages 97-118, March.
    7. Daniela Braun & Markus Tausendpfund, 2020. "Electoral Behaviour in a European Union under Stress," Politics and Governance, Cogitatio Press, vol. 8(1), pages 28-40.
    8. Felix Roth & Lars Jonung & Aisada Most, 2024. "COVID-19 and public support for the Euro," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(1), pages 61-86, February.
    9. Felix Roth & Lars Jonung & Felicitas Nowak-Lehmann D., 2022. "Crisis and Public Support for the Euro, 1990–2014," Contributions to Economics, in: Public Support for the Euro, chapter 0, pages 55-91, Springer.
    10. Lucio Baccaro & Björn Bremer & Erik Neimanns, 2021. "Till austerity do us part? A survey experiment on support for the euro in Italy," European Union Politics, , vol. 22(3), pages 401-423, September.
    11. Ignacio Jurado & Stefanie Walter & Nikitas Konstantinidis & Elias Dinas, 2020. "Keeping the euro at any cost? Explaining attitudes toward the euro-austerity trade-off in Greece," European Union Politics, , vol. 21(3), pages 383-405, September.
    12. Elske van den Hoogen & Willem de Koster & Jeroen van der Waal, 2022. "What Does the EU Actually Mean to Citizens? An in‐Depth Study of Dutch citizens' Understandings and Evaluations of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 60(5), pages 1432-1448, September.
    13. Farina, Francesco & Tamborini, Roberto, 2017. ""Completing Europe's eonomic and Monetary Union": Any support from the citizens?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 11, pages 1-26.
    14. Menna Bizuneh & Steven Buigut & Neven Valev, 2020. "Beyond Borders: The Euro Crisis and Public Support for Monetary Integration in East Africa," South African Journal of Economics, Economic Society of South Africa, vol. 88(4), pages 518-535, December.
    15. Luciano Andreozzi & Roberto Tamborini, 2017. "We need more Europe in the Monetary Union. Which Europe? Hints from policy games," EconPol Working Paper 5, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    16. Baccaro, Lucio & Bremer, Björn & Neimanns, Erik, 2020. "Is the euro up for grabs? Evidence from a survey experiment," MPIfG Discussion Paper 20/10, Max Planck Institute for the Study of Societies.
    17. Hideki Nishigaki, 2020. "Coping with Structural Weakness and EMU Citizen Support for the Euro: Opportunities for Change," Economics Bulletin, AccessEcon, vol. 40(4), pages 2755-2768.
    18. Silvana Târlea & Stefanie Bailer & Hanno Degner & Lisa M Dellmuth & Dirk Leuffen & Magnus Lundgren & Jonas Tallberg & Fabio Wasserfallen, 2019. "Explaining governmental preferences on Economic and Monetary Union Reform," European Union Politics, , vol. 20(1), pages 24-44, March.
    19. Marino De Luca, 2022. "Methods for analysing citizens’ attitudes: a hypothetical Italian referendum about the membership of the European Union as a case study," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(3), pages 1681-1699, June.
    20. Bernd Schlipphak & Paul Meiners & Osman Sabri Kiratli, 2022. "Crisis affectedness, elite cues and IO public legitimacy," The Review of International Organizations, Springer, vol. 17(4), pages 877-898, October.
    21. Mariano Torcal & Sergio Martini & Lluis Orriols, 2018. "Deciding about the unknown: The effect of party and ideological cues on forming opinions about the European Union," European Union Politics, , vol. 19(3), pages 502-523, September.
    22. Markus Gastinger, 2021. "Introducing the EU exit index measuring each member state’s propensity to leave the European Union," European Union Politics, , vol. 22(3), pages 566-585, September.
    23. Chase Foster & Jeffry Frieden, 2021. "Economic determinants of public support for European integration, 1995–2018," European Union Politics, , vol. 22(2), pages 266-292, June.
    24. Laurie Beaudonnet & Céline Belot & Hélène Caune & Anne‐Marie Houde & Damien Pennetreau, 2023. "Narrating Europe: (Re‐)constructed and Contested Visions of the European Project in Citizens' Discourse," Journal of Common Market Studies, Wiley Blackwell, vol. 61(1), pages 161-178, January.

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    Keywords

    crisis; euro; euroscepticism; identity; public opinion;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General

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