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The Effect of the Financial Crisis on Systemic Trust

by Felix Roth
17 July 2009

The Effect of the Financial Crisis on Systemic Trust

Felix Roth

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The financial crisis had a significant impact on the levels of trust that citizens place in the system and its institutions. Recent data from Eurobarometer show a significant fall in confidence on the part of European citizens in the EU’s institutions. For the first time since its creation, a majority of European citizens no longer trust the European Central Bank. However, confidence levels in national governments have actually risen, supporting a contrasting trend between confidence levels in European and national institutions. This decrease in confidence towards the ECB is flanked in the case of Germany by strong anti-capitalist sentiments and a sharp decline in support for the social market economy.


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  • Author
    Felix Roth
    Felix Roth
The Effect of the Financial Crisis on Systemic Trust
Download Publication

2654 Downloads