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Europeans and the Crisis IV 07 October 2011. Methodology.

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Presentation on theme: "Europeans and the Crisis IV 07 October 2011. Methodology."— Presentation transcript:

1 Europeans and the Crisis IV 07 October 2011

2 Methodology

3 o Face-to-face interviews in the home of respondents o Fieldwork: 3-18 September 2011 o Population: representative sample of people aged 15+ o Coverage: 27 European Union Member States o Number of interviews: Special Eurobarometer 3

4 Structure

5 A.Credit rating agenciesCredit rating agencies B.Convergence of budget policiesConvergence of budget policies C.Pooling debtPooling debt D.EurobondsEurobonds E.Europeans in the face of the crisisEuropeans in the face of the crisis The current impact of the crisis The consequences of the crisis on working life Return to growth: when? The euro: has it acted as a shock absorber? Coordinated or individual action to deal with the crisis? F.Solidarity between Member StatesSolidarity between Member States 5

6 A. Credit rating agencies

7 7 A.1 CRA – One in two Europeans has heard of them Total Yes: 50% (1%)

8 * 4% 8 A.2 The influence of credit rating agencies: useful but controversial in the eyes of Europeans Total Agree: 65%Total Agree: 64% Total Disagree : 21% * Basis: Questions asked to the 50% of people polled who have heard of CRA Total Disagree : 18%

9 9 A.3 CRA– their role and the usefulness of the information provided by them: Europeans divided * Basis: Questions asked to the 50% of people polled who have heard of credit rating agencies * *

10 * 10 A.4 CRA– A majority of Europeans are in favour of the creation of an independent European credit rating agency Total Agree: 65% Total Disagree : 17% * Basis: Question asked to the 50% of people polled who have heard of CRA

11 B. Convergence of budget policies

12 12 B.1 Europeans are in favour of budget convergence and escalating financial penalties Total In favour: 67% Total Opposed : 18% Total In favour: 68% Total Opposed : 19%

13 13 B.1 Budget convergence – eurozone/Non-eurozone

14 C. Pooling debt

15 15 C.1 A majority of Europeans support the idea of pooling part of the debt 66% 62% 61% 57% 50%

16 16 C.2 What consequences for the Member States having the least difficulties?

17 17 C.3 What consequences for the Member States having the most difficulties ?

18 D. Eurobonds

19 19 D.1 Two out of five Europeans have heard of Eurobonds Total Yes: 42% (1%)

20 20 D.2 Eurobonds– eurozone/non-eurozone Total Yes: 46% EUROZONE NON EUROZONE Total Yes: 35% (1%)

21 21 D.3 A majority of the Europeans in the eurozone who have heard of them are in favour of their creation Total In favour: 38% Total Opposed : 33% EUROZONE * Basis: Question asked to the 7510 respondents in the eurozone who have heard of eurobonds *

22 E. Europeans in the face of the crisis

23 The current impact of the crisis

24 24 E.1 Europeans are increasingly concerned about their personal situation

25 25 E.2 Negative perceptions have increased

26 The consequences of the crisis on working life

27 27 E.3 Levels more or less unchanged but still high

28 28 E.4 Working life consequences: The situation has deteriorated in the countries the most affected by the crisis

29 Return to growth: when?

30 30 E.5 The crisis is expected to last for many years: negative perceptions of the situation have worsened EB75 Spring 2011

31 31 E.6 Gloomy outlook

32 32 E.7 The deterioration is particularly sharp and extends to northern EU countries

33 33 E.8 The crisis is expected to last for many years: The most vulnerable categories at the heart of the storm

34 The euro: has it acted as a shock absorber?

35 E.9 Opinions of Europeans on whether or not the euro has mitigated the negative effects of the crisis are stable … 35

36 E.10 … even if views of Europeans are slightly less polarised Total Agree : 34% Total Disagree : 54% 36 Inner Pie: EB75 Spring 2011 Outer Pie: EB76.1 Sept. 2011

37 E.12 Significant differences between Member States 37

38 Coordinated or individual action to deal with the crisis?

39 E.13 Support for coordinated action to deal with the crisis is stable 39 EB75 Spring 2011

40 E.14 Europeans perceive closer coordination between Member States

41 E.15 Europeans perceive closer coordination between Member States 41

42 F. Solidarity between Member States

43 F.1 Financial solidarity vis-à-vis MS in difficulty – Polarisation of European opinion Polarisation of opinion

44 F.2 Financial solidarity – Europeans who agree Significant differences between Member States 44

45 F.3 Financial solidarity – Europeans who disagree Significant differences between Member States 45

46 * F.4 Reasons for providing financial help – European solidarity prevails and has gained significant ground * Basis: Question asked to the 50% of respondents who agree with financial solidarity

47 F.5 The scores for the reasons for not providing financial help are stable 47 * Basis: Question asked to the 44% of respondents who disagree with financial solidarity *

48 Thank you for your attention


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