ASSESSMENTS

Differing Views of Eurozone Membership

Mar 12, 2013 | 10:00 GMT

The euro sign in front of the European Central Bank building in Frankfurt, Germany

DANIEL ROLAND/AFP/Getty Images

Summary

Since the onset of its economic crisis, Europe has been marked by widening divides over the eurozone's goals and structure. In recent months, a new split has emerged: The populations of countries on the eurozone's periphery — those feeling the sharpest sting of austerity measures — still widely support the common currency. Meanwhile, euroskeptic narratives that reject some of Europe's fundamental structures — namely the free movement of people, goods and services — have been gaining support in Europe's wealthier core countries.

But peripheral support for the currency bloc is likely shaded by hopes of a return to Europe's pre-crisis environment. And the core's insistence on austerity measures and economic reforms makes such a return unlikely in the near future. Such conflicting views appear likely to undermine policies designed to deal with the crisis and threaten the very foundations of the European Union.

Euroskeptic narratives that reject some of Europe's fundamental structures have been gaining support in wealthier core countries....

Keep Reading

Register to read three free articles

Proceed to sign up

Register Now

Already have an account?

Sign In