The signing of the Maastricht Treaty in 1992 and the subsequent adoption of the single currency form the basis of the current European Union (EU) project, which, in the expectations of its founding fathers, should have brought about convergence of the macroeconomic fundamentals of a large part of the European continent. However, it seems that, over the last 20 years, enthusiasm for the EU has declined. This paper claims that one of the most important factors that have caused the growing disaffection towards the EU has been the implementation of austerity measures in the Eurozone. Using data from between 1999 and 2019 from the “original” 12 countries that joined the Eurozone, the results show that the change in the primary balance has had a strong and negative impact on net trust in the EU

The effect of fiscal austerity on citizens' trust in the European Union

Liotti ,Giorgio
Primo
Writing – Original Draft Preparation
;
2024-01-01

Abstract

The signing of the Maastricht Treaty in 1992 and the subsequent adoption of the single currency form the basis of the current European Union (EU) project, which, in the expectations of its founding fathers, should have brought about convergence of the macroeconomic fundamentals of a large part of the European continent. However, it seems that, over the last 20 years, enthusiasm for the EU has declined. This paper claims that one of the most important factors that have caused the growing disaffection towards the EU has been the implementation of austerity measures in the Eurozone. Using data from between 1999 and 2019 from the “original” 12 countries that joined the Eurozone, the results show that the change in the primary balance has had a strong and negative impact on net trust in the EU
2024
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11570/3296929
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