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Solidarity with EU Countries in Crisis: Results of a 2015 Socio-Economic Panel (SOEP) Survey

Author

Listed:
  • Holger Lengfeld
  • Martin Kroh

Abstract

In response to the European sovereign debt and currency crisis, the EU has begun to implement measures toward fiscal solidarity at least for the euro area. Survey data from the Socio-Economic Panel (SOEP) study show that just under half of all adults in Germany generally support providing assistance to EU countries experiencing financial difficulties. Almost one in three respondents also advocate the idea of an individual solidarity contribution for countries in crisis. In return, the majority of people in Germany expect these countries to reduce public spending and forge ahead with privatization. Only a minority call for the crisis country to make cuts in its social spending.

Suggested Citation

  • Holger Lengfeld & Martin Kroh, 2016. "Solidarity with EU Countries in Crisis: Results of a 2015 Socio-Economic Panel (SOEP) Survey," DIW Economic Bulletin, DIW Berlin, German Institute for Economic Research, vol. 6(39), pages 473-479.
    • Handle: RePEc:diw:diwdeb:2016-39-1
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    More about this item

    Keywords

    European Union; bail-out; fiscal solidarity; sovereign debt crisis; survey research;
    All these keywords.

    JEL classification:

    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • F15 - International Economics - - Trade - - - Economic Integration
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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