Germans put trust in the euro 10 years on

Germans put trust in the euro 10 years on
Photo: DPA
A decade after its introduction, three-quarters of Germans have confidence in the stability of the common European currency, the euro, a survey by the polling firm Forsa has found.

More than half of those asked said they thought that being a part of the eurozone, the 15 countries which use the single currency, had allowed Germany to better weather the current financial crisis.

Despite their positive overall feelings toward the money and falling inflation rates, 49 percent of Germans still think the euro resulted in price hikes when it was introduced. Many Germans used to refer to the currency as the Teuro, a combination of the word teuer, or expensive, and euro.

The poll, whose results were released on Monday, also found that most Germans have not forgotten the beloved Deutsche mark. Even after ten years, one in two people converts to marks when making large purchases. Only one in four Germans no longer thinks about marks at all when looking at price tags.

In fact, according to the German Savings Bank Association, which commissioned the survey, many Germans are still hanging on to Deutsche mark coins and bills as collectors’ objects or just for nostalgia’s sake. The average number in drawers or cookie jars totals around 80 marks or roughly €40.