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Is the euro good for your country?

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Is the euro good for your country?

Just under two-thirds of respondents think that having the euro is a good thing for their country

Just under two-thirds of respondents (64%) think that having the euro is a good thing for their country and a quarter (25%) think that it is a bad thing.

There has been a notable increase in the proportion that think that having the euro is a good thing for their country compared with that reported in 2016 (+8 percentage points), and a corresponding drop in the proportion that think it is a bad thing (-8 pp).

Since 2011, the proportion of respondents thinking that the euro is a good thing for their country has remained relatively stable. The most notable changes are a small increase between 2014 and 2015 (+4 percentage points), followed by a small decline between 2015 and 2016 (-5 pp). The proportion saying that the euro is a good thing for their country now stands at its highest level since 2011, while the proportion that thinks that the euro is a bad thing is now at its lowest level in the series.

Views on whether having the euro is a good or a bad thing for their country vary considerably between countries of the euro area.

The majority of respondents in all but three countries think that the euro has been a good thing for their country, with this view most widespread in Ireland (85%), Luxembourg (82%) and Germany (76%). The exceptions, where only a minority of respondents say that having the euro has been a good thing for their country, are Lithuania (36%), Italy (45%) and Cyprus (48%).

Nonetheless, the share of people saying this in Italy and Cyprus has increased since last year. Comparing the results with those from 2016, the proportion of respondents who say that the euro is a good thing for their country has increased in 15 euro area countries, with the largest increases observed in Germany (+12 percentage points) and France (+11 pp), followed by Spain, Cyprus, Luxembourg and Portugal (+8 pp in each). Lithuania is the only country, where a significant proportion of respondents who think that the euro is a good thing for their country has decreased (-6 pp).

source: Eurobarometer 458

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