| Author (Person) | Roth, Felix |
|---|---|
| Author (Corporate) | European Commission: DG Economic and Financial Affairs |
| Publisher | Publications Office of the European Union |
| Series Title | European Economy: Discussion Papers |
| Series Details | Number 16 |
| Publication Date | 16/09/2015 |
| ISBN | 978-92-79-48688-3 |
| ISSN | 2443-8022 |
| EC | KC-BD-15-016-EN-N |
| Content Type | Research Paper |
|
Summary: This paper revisits the existent empirical evidence of a decline in citizens’ systemic trust in times of crisis for a 12-country sample of the euro area (EA12) from 1999 to 2014. They affirm a pronounced decline in trust in the periphery countries of the EA12, leading to particular low levels in the national government and parliament in Spain and Greece. They discuss the consequences of this decline for the political economy of Economic and Monetary Union and corroborate the strong and negative association between unemployment and trust. They provide evidence of the increase in unemployment in Spain and examine policy measures at the national and EU level to tackle unemployment. They revisit the evidence of the enduring support for the euro and discuss its relevance to crisis management. They elaborate upon the question of how to restore systemic trust without and with treaty change. |
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| Source Link |
Link to Main Source
https://ec.europa.eu/info/publications/economy-finance/political-economy-emu-rebuilding-systemic-trust-euro-area-times-crisis_en
Alternative sources
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| Subject Categories | Economic and Financial Affairs |
| Subject Tags | European Debt Crisis |
| Countries / Regions | Europe |
| International Organisations | European Union [EU] |
