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![Page 1: Eurobarometer 77.2 The Crisis and Economic Governance (V) Survey commissioned by the European Parliament and co-ordinated by Directorate-General for Communication.](https://reader033.fdocuments.in/reader033/viewer/2022052504/551525b45503465e608b551d/html5/thumbnails/1.jpg)
Eurobarometer 77.2
The Crisis and Economic Governance (V)
Survey commissioned by the European Parliament and co-ordinated byDirectorate-General for Communication (Public Opinion Monitoring Unit).
EB77.2 – TNS Opinion & Social
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A. Methodology
2
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Methodology
o Respondents interviewed face to face in their homes
o Field work: 10 to 25 March 2012
o Target population: representative sample of 15+
o Coverage: 27 Member States of the European Union
o Number of interviews: 26,593
Special Eurobarometer
3
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B. Structure
4
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1. How MS respond to the crisis
• Reduction of public spending, measures to boost the economy or both at the same time?
• In the face of the crisis: coordinated or individual action?
2. Options for emerging from the crisis
• Measures to be taken to emerge from the crisis• Convergence between budgetary policies• Compliance with jointly agreed rules• Pooling of debt• FTT• Eurobonds
3. Rating agencies
B. Structure
5
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1. How MS respond to the crisis
6
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1.1 Reduction of public spending, measures to boost the economy or
both at the same time?
Nearly half of Europeans support both at the same time
7
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1.1 Reduction of public spending, measures to boost the economy or
both at the same time?
Nearly half of Europeans support both at the same time
8
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1.2 In the face of the crisis: coordinated or individual action?
A majority of Europeans still in favour of coordinated measures
+3
-3
9
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1.2 In the face of the crisis: coordinated or individual action?
A majority of Europeans still in favour of coordinated measures
10
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2. Options for emerging from the crisis
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2.1 Measures to be taken to emerge from the crisis
Priority for support for SMEs
QA2 The European Parliament promotes certain measures to help the European Union emerge from the crisis, by ensuring a return to employment and sustainable growth. In your view, which of the following measures should be a priority ? (MAX. 4 Answers)
12
Countries Pre 2004
Countries Post 2004/2007
Support small and medium-sized businesses (SMEs)
50% 44%
Invest in education, training, and research
51% 33%
Encourage the fight against youth unemployment
42% 52%
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2.2 Convergence between budgetary policies
Nearly two-thirds of Europeans still in favour of preliminary consultation
QA8 Specifically regarding the convergence between the budgetary policies of the EU Member States, tell me if you are in favour of or opposed to including a preliminary consultation between European institutions and national political institutions in the drafting process of national budgets.
Total ‘In favour’: 65% (-2)
Total ‘Opposed’: 21% (+3)
13
Total 'In favour'
EURO ZONE
70%
NON EURO
56%
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2.2 Convergence between budgetary policies
Nearly two-thirds of Europeans still support preliminary consultation
14
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2.3 Compliance with jointly defined rules
A very large majority of Europeans support aid with conditions and
automatic financial penalties
15
80%
72% (+4)
12%
19% (=)
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2.3 Compliance with jointly defined rules
An absolute majority in all MS in favour of imposing conditions on financial
aid
16
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2.3 Compliance with jointly defined rules
Large majority in favour of penalties for failure to comply with rules
17
QA9.1 And when it comes to enforcing the common rules for public debts and deficits, please tell me if you are in favour of or opposed to each of the following measures.
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'Diff.
March 2012 - Sept 2011
EU27 72% +4
BG 77% +22
MT* 63% +11
ES* 76% +9
LT 78% +9
PL 72% +9
DK 83% +8
LU* 77% +8
SI* 81% +8
IE* 50% +7
LV 55% +7
CZ 76% +6
AT* 78% +6
IT* 78% +4
SK* 89% +4
DE* 76% +3
EE* 60% +3
FI* 89% +3
UK 57% +3
BE* 77% +2
EL* 64% +2
FR* 75% +2
SE 76% +2
RO 60% +1
PT* 69% -2
CY* 75% -4
HU 69% -5
NL* 73% -6
* EURO ZONE
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2.4 Pooling of debt: mixed opinions
18
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2.5.1 FTT:
Support for an FTT is increasing
19
Total ‘In favour’: 66% (+5) Total ‘Opposed’: 22% (-4)
Total 'In favour'
EURO ZONE
73%
NON EURO
53%
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Total 'In favour'Diff.
March 2012 - apr.- may 2011
EU27 66% +5
EL* 81% +20
CY* 73% +19
BG 52% +18
SI* 61% +17
ES* 66% +16
LT 62% +13
IT* 72% +11
FR* 79% +10
SK* 78% +9
LU* 73% +8
DE* 78% +7
PL 52% +7
EE* 53% +6
2.5.1 FTT: majority support in 24 Member States
20
QA4.1 Please tell me to what extent you are in favour or opposed to each of the following statements related to this tax. The principle of a tax on financial transactions
BE* 72% +5
HU 70% +4
CZ 64% +4
SE 70% +3
MT* 33% +3
PT* 68% +2
NL* 60% +2
FI* 64% +1
DK 63% =
LV 53% -3
RO 35% -3
AT* 74% -6
IE* 47% -8
UK 53% -12
* EURO ZONE
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2.5.2 FTT:
An even larger majority in favour of introducing a financial transaction tax,
whether at European or global level
21
4.2 & 4.3 Please tell me to what extent you are in favour or opposed to each of the following statements related to this tax. *
Introducing a tax on financial transactions, but only at a global level, if international agreement is reached
Introducing a tax on financial transactions in the EU at first, if international agreement is not reached
Total ‘In favour’: 81% (-4)
Total ‘Opposed’: 14% (+3) Total ‘Opposed’: 13% (-1)
Total ‘In favour’: 83% (+2)
*Base: Questions put to the 66% of respondents who are in favour of an FTT
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2.5.3 Reasons for support for an FTT:
Firstly, to combat excessive speculation
22*Base: Questions put to the 66% of respondents who are in favour of an FTT
*
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2.5.4 Reasons for opposition to an FTT in the EU:
Europeans still very divided
23*Base: Questions put to the 13% of respondents who are opposed to an FTT in the EU
*
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2.6.1 Eurobonds:
Sharp increase in visibility
24
(+7)
(-7)
(=)
(=)
Total ‘Yes’: 49% (+7)
Total 'Yes'
EURO ZONE
53%
NON EURO
42%
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RO 27% +8
IE* 64% +7
ES* 48% +6
PT* 30% +6
SI* 55% +6
DE* 67% +5
SE 36% +5
FR* 31% +4
MT* 46% +4
UK 42% +4
DK 22% +2
LV 31% -1
NL* 61% -3
LU* 46% -4
* EURO ZONE
Total 'Yes'Diff.
March 2012 - Sept 2011
EU27 49% +7
BG 59% +21
AT* 60% +17
SK* 60% +16
CZ 67% +14
IT* 55% +12
CY* 52% +11
BE* 48% +10
FI* 58% +10
EL* 81% +9
LT 41% +9
HU 42% +9
EE* 51% +8
PL 44% +8
2.6.1 Eurobonds:
Increased visibility in 24 MS
25
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2.6.2 Opinion on the creation of eurobonds:
Question put to respondents in the euro zone who have heard of
eurobonds (53% of euro zone respondents)
26*Base: Question put to respondents in the euro zone who have heard of eurobonds (53% of euro zone respondents)
*
Total ‘In favour’: 44% (+6)
Total ‘Opposed’: 25% (-8)
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3. Rating agencies
27
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3.1 CRAs:
Sharp increase in visibility of credit rating agencies (CRAs)
28
(+6)
(-11)
(+5)
(=)
Total ‘Yes’: 61% (+11)
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SK* 19% +3
FI* 40% +3
PL 15% +2
CZ 17% +1
DK 37% +1
EE* 10% +1
NL* 54% +1
SE 37% +1
PT* 19% =
UK 54% =
LV 11% -1
LT 6% -1
ES* 21% -2
IE* 32% -7
* EURO ZONE
Yes, and you know what
they are
Diff. EB77.2 - EB76.1
EU27 32% +5
AT* 38% +15
CY* 31% +12
DE* 50% +11
IT* 23% +11
HU 28% +10
EL* 30% +9
MT* 22% +9
SI* 27% +9
BE* 31% +7
FR* 25% +7
BG 14% +5
LU* 33% +3
RO 10% +3
3.1 CRAs – Visibility:
Sharpest rises in Austria, Cyprus, Germany and Italy
29
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3.2 Role of CRAs:
CRAs are seen to have played a role in the development of the crisis, but
their usefulness is recognised
30*Base: Questions put to the 61% of respondents who have heard of CRAs
*
67% (+2)
62% (-2)
17% (-1)
23% (+2)
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3.3 CRAs:
A MS receiving financial help from other MS should not be rated
31*Base: Questions put to the 61% of respondents who have heard of CRAs
*
Total ‘Agree’: 54%
Total ‘Disagree’: 29%
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3.3 CRAs:
In 24 MS, a majority oppose credit rating MS receiving financial help
32*Base: Questions put to the 61% of respondents who have heard of CRAs
*
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FI* 77% +4
HU 76% +3
EL* 71% +2
PL 67% +2
SE 68% +2
EE* 56% +1
IT* 69% =
FR* 66% -1
NL* 76% -1
ES* 64% -2
SI* 70% -2
LV 52% -3
UK 46% -3
SK* 68% -5
* EURO ZONE
Total 'Agree'Diff.
March 2012 - Sept 2011
EU27 67% +2
MT* 66% +15
LT 63% +12
RO 51% +11
BG 65% +10
CY* 88% +9
PT* 72% +9
BE* 85% +7
CZ 64% +7
DK 75% +7
LU* 78% +7
DE* 79% +4
IE* 58% +4
AT* 78% +4
QA13.2 Please tell me to what extent you agree or disagree with each of the following statements on credit rating agencies, on the basis of what you know about them. The creation of an independent European credit rating agency would counterbalance the power of the existing agencies
3.4 CRAs – Creation of an independent European CRA:
Increased approval in 19 MS
33*Base: Questions put to the 61% of respondents who have heard of CRAs
*
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3.4 CRAs – Creation of an independent European CRA:
More than two-thirds of Europeans in favour of an independent European
CRA
34*Base: Questions put to the 61% of respondents who have heard of CRAs
*
Total ‘Agree’: 67% (+2)
Total ‘Disagree’: 17% (=)
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Thank you for your
attention