September 28, 2012
Possibly this graph – from our new report on the internal devaluation needed in the PIIGS for the euro to remain intact.
It shows how trust in the EU amongst voters in the PIIGS has on average fallen from 55% in 2001 to 25% in 2012, in the wake of EU-mandated cuts. On average, 66% of voters in these countries now mistrust the EU (up from 26% in 2001). And Spain still has half of its internal devaluation ahead of it (not to mention Greece). This won’t be easy.Author : Open Europe blog team