Poll finds that 60 pct of Germans back the euro

10th December 2010, Comments 0 comments

A large majority of Germans, 60 percent, support the euro despite a crisis that will see them guarantee debts of other countries, according to a poll released on Friday by ARD television.

The poll also found that 36 percent of Germans would rather bring back the deutschemark, an icon of Germany's post-war economic success.

ARD ordered the poll of 1,000 people on December 7-8 from the Infratest institute and also gave a breakdown based on the level of education of people surveyed.

Those with a lower level were split evenly, with 49 percent in favour of the deutschemark's return and 48 percent opposed.

Among Germans who had pursued their studies, only 17 percent wanted the former money back, while 80 percent said the euro should stay.

In late June, another survey suggested that more than 51 percent of Germans would like to dump Europe's single currency, a position often supported by the popular daily Bild.

Finance Minister Wolfgang Schaeuble gave an interview to Bild early this month and stressed that "all Germans would be poorer without the euro. The labour market would be in much worse shape without the euro."

Many Germans are unhappy that Europe's biggest economy will have to provide guarantees for borrowing to ease tight financing for eurozone members that have run up big public deficits and debt.

© 2010 AFP

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