The effects of the financial crisis on systemic trust

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Series Details No.316, July 2009
Publication Date 17/07/2009
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The financial crisis had a significant impact on the levels of trust that citizens place in the system and its institutions. Recent data from Eurobarometer show a significant fall in confidence on the part of European citizens in the EU’s institutions. For the first time since its creation, a majority of European citizens no longer trust the European Central Bank. However, confidence levels in national governments have actually risen, supporting a contrasting trend between confidence levels in European and national institutions. This decrease in confidence towards the ECB is flanked in the case of Germany by strong anti-capitalist sentiments and a sharp decline in support for the social market economy.

Source Link Link to Main Source http://aei.pitt.edu/11334/01/1877-1.pdf
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