Populism: culture trumps the euro

Financial Times, Dec 20, 2017
by Mehreen Khan

There was a time in Europe when the biggest threat to the EU’s institutional order was the politics of the euro.

After the eruption of the sovereign debt crisis seven years ago, the single currency became a lightning rod for disillusion and resentment on both left and right, from Greece’s Syriza to the original founders of the Alternative for Germany party.

That time seems to have passed. Popular support for the euro is at its highest since 2004, according to the latest poll from Eurobarometer. Its shows that 72 per cent of eurozone citizens are in favour of the single currency — the best approval rating in 13 years and well above the 62 per cent nadir in 2012 (see chart below). 

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