10 April 2013

Graham Bishop's Blog: Deutsche Bank's Forsa poll: 69% of Germans want to keep the euro – nearly 80% at top of society

Deutsche Bank survey: Germans embrace euro despite on-going crisis: 68% expect it to remain currency of Germany

69 per cent of the German population are backing the euro as their currency today and expect it to remain so in the future. Only 27 per cent would prefer a return of the D-Mark. These figures, which contrast with foreign observers questioning Germany’s willingness to further support the stabilisation of the euro area, were revealed by a representative poll today.

As regards party preferences, acceptance is particular high among supporters of the Green Party and the FDP (88 per cent and 83 per cent, respectively) followed by those favouring the CDU/CSU (75 per cent). SPD voters show the relatively lowest support (68 per cent) and are the most skeptical about the future of the euro.

These results support Deutsche Bank's long-held view that the euro and government’s crisis management in particular are unlikely to become topical in the campaign for this year’s federal election on September 22. Despite political rhetoric, the opposition of SPD and Greens reluctantly subscribe to the government’s crisis management as we will see (again) with the upcoming approval of the bailout package for Cyprus. These polls also show that the potential of anti-euro parties such as the newly founded AfD remains very moderate and clearly lower than in any other euro area state.

Link to full Deutsche Bank research

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