According to the results of the latest Eurobarometer survey on the euro area, 76% of respondents think the single currency is good for the EU. This is the highest support since the introduction of euro coins and banknotes in 2002 and a 2-percentage point increase since last year’s already record levels. Similarly, a majority of 65% of citizens across the euro area think that the euro is beneficial for their own country: this is also the highest number ever measured. The common currency is supported by a majority of citizens in all 19 euro area Member States.
The euro makes it easy
Still a young currency, the euro has just turned 20 this year. Nevertheless, Europeans clearly see the very practical benefits it has brought to their everyday lives. Four fifths of respondents agree that the euro has made it easier to do business across borders, compare prices and shop in other countries, including online. An absolute majority in the euro area also think that the euro has made travelling easier and less costly.
The euro is more than just the coins and notes in our pockets: it is a symbol of Europe’s unity and global strength. Today, it is already the currency of 340 million Europeans in 19 Member States. It has brought tangible benefits to all: stable prices, lower transaction costs, protected savings, more transparent and competitive markets, increased trade, easier travel and higher living standards. Some 60 countries around the world link their currencies to the euro in one way or another.
Strong support for reforms, coordinated economic policies, but also for abolishing one- and two-cent coins
Asked about their views on the coordination of economic policy, including budgetary policies, 69% of Europeans see the need for more coordination in the euro area, whilst only 7% would like to see less cooperation. There is also continued strong support at 80% for economic reforms to improve the performance of national economies. This is also reflected in national results, with clear majorities in all euro area countries.
A majority of 65% of respondents said they were in favour of doing away with inconvenient one- and two-euro cent coins through the mandatory rounding of the final price of purchases in shops and supermarkets to the nearest five cents. An absolute majority supports this idea in 16 out of the 19 euro area countries.
Citizens replied to a set of questions focusing on issues ranging from perception and practical aspects of the euro to their assessment of the economic situation, policy and reforms in their country and in the euro area. In addition, the survey asked citizens about their views and expectations regarding household income and inflation.
Some 17,500 respondents across the 19 euro area countries were interviewed by phone between 14 and 19 October 2019.
For more information
- Publication date
- 29 November 2019