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Friday, September 28, 2012

What keeps the folks in Brussels and Berlin awake at night?

Possibly this graph - from our new report on the internal devaluation needed in the PIIGS for the euro to remain intact.
Source: Eurobarometer

It shows how trust in the EU amongst voters in the PIIGS has on average fallen from 55%  in 2001 to 25% in 2012, in the wake of EU-mandated cuts. On average, 66% of voters in these countries now mistrust the EU (up from 26% in 2001). And Spain still has half of its internal devaluation ahead of it (not to mention Greece). This won't be easy.


Rollo said...

A surfeit of self indulgence is all that keeps them awake.

Idris Francis said...

How ironic that the one thing the elite have ignored more than any other, public opinion, will now destroy them.

And not a moment too soon