europeans and the crisis iv 07 october 2011. methodology
TRANSCRIPT
Europeans and the Crisis IV
07 October 2011
Methodology
Methodology
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: 26.856
Special Eurobarometer
3
Structure
Structure
A. Credit rating agencies
B. Convergence of budget policies
C. Pooling debt
D. Eurobonds
E. Europeans 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 States
5
A. Credit rating agencies
7
A.1 CRA – One in two Europeans has heard of them
Total ‘Yes’: 50%
(1%)
*
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
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
Total 'Agree'
EU27 64%
NL 81%
SE 81%
FI 80%
CY 79%
DK 78%
… …
DE 58%
PT 55%
IE 54%
EL 54%
ES 54%
RO 48%
QA15.3 Information provided by credit rating agencies is useful to economic actors as support for
their financial decision-making *
Total 'Agree'
EU27 65%
LU 78%
CY 77%
BE 73%
DE 72%
IT 72%
…
CZ 53%
EE 51%
BG 50%
LT 49%
RO 48%
QA15.1Credit rating agencies have played a significant role in the development of the financial
crisis*
*
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
B. Convergence of budget policies
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%
Total 'In favour' Total 'Opposed'Don't know
EU27 68% 19% 13%
EURO ZONE
72% 18% 10%
NON EURO
61% 21% 18%
QA10.2 Automatic application of escalating financial penalties for EU Member States which fail to comply with
jointly defined rules on debt and public deficit
Total 'In favour' Total 'Opposed'Don't know
EU27 67% 18% 15%
EURO ZONE
72% 15% 13%
NON EURO
58% 23% 19%
QA10.1 Including a preliminary consultation between European institutions and national political institutions in
the drafting process of national budgets
13
B.1 Budget convergence – eurozone/Non-eurozone
QA10 Specifically regarding the convergence between the budgetary policies of the EU Member States, tell me if you are in favour of oropposed to each of the following measures.
C. Pooling debt
15
C.1 A majority of Europeans support the idea of pooling part of the debt
66%
62%
61%
57%
50%
16
C.2 What consequences for the Member States having the least difficulties?
17
C.3 What consequences for the Member States having the most difficulties ?
D. Eurobonds
19
D.1 Two out of five Europeans have heard of Eurobonds
Total ‘Yes’: 42%
(1%)
20
D.2 Eurobonds– eurozone/non-eurozone
Total ‘Yes’: 46%
EUROZONE NON EUROZONE
Total ‘Yes’: 35%
(1%)
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
*
E. Europeans in the face of the crisis
The current impact of the crisis
24
E.1 Europeans are increasingly concerned about their personal situation
Total 'Impact' Diff. EB76.1 -EB74.1
EU27 59% +7
PT 87% +17
DK 40% +16
IT 78% +13
NL 42% +13
MT 64% +12
UK 66% +12
IE 81% +11
SK 69% +11
EL 92% +9
FR 59% +9
CY 84% +9
LU 38% +9
PL 54% +9
25
E.2 Negative perceptions have increased
AT 34% +7
BG 83% +6
ES 67% +6
LT 73% +6
SE 23% +4
CZ 58% +3
EE 75% +3
HU 89% +3
BE 49% +2
DE 29% +2
SI 62% -4
FI 24% -4
RO 79% -6
LV 69% -9
QA1.4 To what extent do you consider that the current crisis is or is not having an impact on each of the following?
Your personal situation
The consequences of the crisis on working life
27
E.3 Levels more or less unchanged but still high
QA2 Here are some situations that could have arisen recently in your working life or in the working life of those around you. For each of them, please tell me if this has happened as a direct consequence of the crisis, if it has happened but was not a direct
consequence of the crisis, or if it has not happened at all. You have lost your job\ your partner (husband or wife, partner, etc.) has lost his\ her job
- Yes, as a direct consequence of the crisis -
One of your relatives has lost his\ her job
Diff. EB76.1 -EB74.1
EU27 23% =
CY 44% +13
EL 40% +11
BG 43% +8
PT 28% +8
IE 55% +5
… …
FR 12% -5
FI 6% -5
LT 42% -8
SE 5% -9
LV 45% -12
You have lost your job\ your partner (husband or wife,
partner, etc.) has lost his\ her job
Diff. EB76.1 -EB74.1
EU27 12% +1
EL 16% +6
CY 15% +6
PT 18% +6
IT 13% +5
MT 8% +5
… …
FI 5% -1
EE 20% -2
SE 4% -2
LV 28% -6
28
E.4 Working life consequences: The situation has deteriorated in the countries the most affected by the crisis
Return to growth: when?
30
E.5 The crisis is expected to last for many years: negative perceptions of the situation have worsened
+5
+3
-6
-3
EB75 Spring 2011
31
E.6 Gloomy outlook
We are already returning to growth
Diff. EB76.1 -EB75.2
EU27 8% -6
LV 9% +5
PL 9% +1
BG 2% +1
LT 8% =
… …
AT 16% -13
NL 6% -23
FI 5% -29
SE 16% -42
The crisis is going to last for many years
Diff. EB76.1 -EB75.2
EU27 41% +5
CY 46% +17
IT 41% +12
HU 54% +12
SI 52% +10
… …
IE 49% -1
MT 27% -2
PL 31% -4
LV 42% -11
32
E.7 The deterioration is particularly sharp and extends to northern EU countries
QA4 When it comes to a return to growth in (OUR COUNTRY), which one of the following opinions is closest to your own?
We are already returning to
growth
A return to growth will start in the coming months
A return to growth will start in the coming years
The crisis is going to last for many
yearsDon't know
EU27 8% 10% 36% 41% 5%
15-24 10% 14% 38% 32% 6%
25-39 9% 11% 38% 38% 4%
40-54 7% 10% 36% 44% 3%
55 + 7% 8% 33% 47% 5%
15- 7% 8% 29% 51% 5%
16-19 8% 10% 35% 43% 4%
20+ 9% 11% 41% 36% 3%
Still studying 11% 15% 40% 28% 6%
Self- employed 7% 12% 40% 38% 3%
Managers 11% 12% 42% 32% 3%
Other white collars 9% 12% 40% 37% 2%
Manual workers 8% 10% 35% 43% 4%
House persons 6% 8% 32% 48% 6%
Unemployed 4% 7% 31% 52% 6%
Retired 7% 8% 32% 47% 6%
Students 11% 15% 40% 28% 6%
Total 'Mitigated negative effects' 10% 15% 39% 34% 2%
Total 'Not mitigated negative effects' 7% 8% 35% 47% 3%
QA4 When it comes to a return to growth in (OUR COUNTRY), which one of the following opinions is closest to your own?
Age
Education (End of)
Respondent occupation scale
Euro during the crisis
33
E.8 The crisis is expected to last for many years: The most vulnerable categories at the heart of the storm
The euro: has it acted as a “shock absorber”?
E.9 Opinions of Europeans on whether or not the euro has mitigated the negative effects of the crisis are stable …
35
E.10 … even if views of Europeans are slightly less polarised
Total “Agree” : 34%
Total “Disagree” : 54%
36
Inner Pie: EB75 Spring 2011Outer Pie: EB76.1 Sept. 2011
QA3 Could you tell me to what extent you agree or disagree with the following statement: Overall the euro has mitigated the negative effects of the crisis.
Total 'Agree'Diff.
EB76.1 -EB75.2
EU27 34% =
UK 43% +17
ES 32% +5
EL 40% +4
CY 30% +4
BG 22% +1
FR 28% +1
RO 36% +1
PL 27% =
PT 33% =
DK 34% -1
IE 46% -1
LV 23% -1
LT 21% -1
E.12 Significant differences between Member States
37
HU 32% -3
SI 23% -3
EE 28% -4
CZ 21% -5
LU 40% -5
BE 38% -6
IT 47% -6
MT 36% -6
DE 28% -8
SK 47% -8
NL 33% -11
FI 39% -11
SE 20% -11
AT 41% -12
Coordinated or individual action to deal with the crisis?
E.13 Support for coordinated action to deal with the crisis is stable
39
EB75 Spring 2011
E.14 Europeans perceive closer coordination between Member States
40
- 3
+10
- 7
Tended to act in a coordinated way with the other EU
countries
Diff. EB76.1 -EB74.1
EU27 48% +10
DE 61% +20
BG 56% +19
PT 55% +18
FR 43% +14
BE 54% +13
LV 48% +13
RO 39% +12
SE 50% +12
UK 34% +12
SK 52% +11
LT 43% +9
LU 48% +9
IE 41% +8
E.15 Europeans perceive closer coordination between Member States
41
IT 53% +8
MT 61% +8
PL 47% +8
DK 32% +7
EE 54% +7
EL 55% +6
AT 50% +6
CY 56% +5
HU 50% +3
SI 47% +3
FI 70% +2
ES 46% +1
NL 35% -1
CZ 44% -8
QA6 Would you say that up until now, to face the crisis, the various EU Member States have…?
F. Solidarity between Member States
F.1 Financial solidarity vis-à-vis MS in difficulty – Polarisation of European opinion
43
- 1
+ 4
- 6
+ 1
+2
Polarisation of opinion
QA7 To what extent do you agree or disagree with the following statement: In times of crisis, it is desirable for (OUR COUNTRY) to give financial help to another EU Member State facing severe
economic and financial difficulties.
Total 'Agree'Diff. EB76.1 -
EB74.1
EU27 50% +1
LU 72% +13
DK 71% +2
SE 67% =
NL 65% +9
BE 60% - 1
PL 57% +6
DE 54% +8
IT 53% =
IE 53% - 2
PT 53% - 3
EL 52% +4
ES 52% +3
FR 52% +1
F.2 Financial solidarity – Europeans who agreeSignificant differences between Member States
44
FI 52% - 6
MT 51% +4
CY 51% - 19
AT 50% - 5
UK 45% - 1
EE 44% - 12
LT 40% - 2
CZ 37% +2
HU 36% +1
LV 36% - 2
RO 34% +2
SK 32% - 3
BG 27% +3
SI 25% - 4
Total 'Disagree'
Diff. EB76.1 -EB74.1
EU27 44% +5
SI 74% +6
SK 65% +6
LV 62% +5
BG 62% +11
HU 61% +3
CZ 60% =
LT 56% +10
RO 56% +11
EE 53% +15
UK 50% +8
FI 47% +9
AT 46% +8
CY 46% +23
QA7 To what extent do you agree or disagree with the following statement: In times of crisis, it is desirable for (OUR COUNTRY) to give financial help to another EU Member State facing severe
economic and financial difficulties.
F.3 Financial solidarity – Europeans who disagreeSignificant differences between Member States
45
EL 46% =
FR 45% +3
DE 44% -1
MT 42% +2
ES 40% +4
BE 39% +2
PT 39% +10
IT 38% +9
IE 37% +8
NL 34% -6
PL 33% +1
SE 32% +5
DK 28% =
LU 25% -7
*
F.4 Reasons for providing financial help – European solidarity prevails and has gained significant ground
46
+ 4
- 3
*Basis: Question asked to the 50% of respondents who ‘agree’ with financial solidarity
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
*
Thank you for your
attention