The Eurozone Crisis is ripping Europe apart says damning report


The report highlighted a growing split between Germany and the rest of the EU

Wednesday May 30,2012
By Greg Heffer for

THE eurozone crisis is ripping Europe apart by exposing “sharp differences” in attitudes on the continent, says a damning report.

The current debt storm has “triggered a full-blown crisis of public confidence” as Europeans develop a more negative view of the EU.

The report states that “doubts about European integration have led many Europeans to second guess their own country’s EU membership.”

The euro also came under fire as, in France and Italy, under a third believe that the single currency has had a positive impact on their economy.

In Germany, less than half were pleased with the creation of the eurozone.

But, surprisingly, a majority in all those eurozone nations asked want to keep the euro rather than return to their previous currencies.

The report revealed that in most areas, Germany stands alone from the rest of Europe in its support for the EU.

Germany was also the only nation to not develop a more negative view of Brussels over the past three years.

According to the US-based Pew Research Centre, only in Germany do a majority of the population believe that EU integration strengthened their economy.

Germany was also the only nation to not develop a more negative view of Brussels over the past three years.

Germans also overwhelmingly believe that their economy is doing well, whereas just 15 per cent of people across the continent hold the same view.

Indeed, the report says that on the whole “Europeans have little hope for their economy’s future and do not think their children will have an easy time improving their lot.”

The research also represents a growing divide between stricken Greece and the rest of Europe.

Although all other nations believed that Germany was the most hard-working country in Europe, Greeks believe that they were the biggest grafters themselves.

However, there was a common consensus in the notion that Germany was the least corrupt country, whereas Italy was seen as the most corrupt by many.

In another sign of the split between Greece and Germany, 83 per cent of Greeks believe that German and EU power over their economy was a major threat.

With plans in place to grant Greece an EU bailout, almost two-thirds of Brits believed the Government shouldn’t provide assistance to other countries.

Similar views were also found in France, whilst 48 per cent of Germans were against bailing out debt-laden nations.

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