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Should the euro be abolished as a common European currency?

Poll results

Should the euro be abolished as a common European currency?
Support
Reject
Don't know
25%
71%
4%
PolitPro Community – 3463 respondents – 25.08.2023-01.09.2023

Poll information

Should the euro be abolished as a common European currency? 25% of respondents are against abolishing the euro, while 71% are in favor.

:undecided% chose the answer "Don't know". The survey was conducted among 3463 users of the PolitPro app during 25.08.2023-01.09.2023. The results are not representative, but may give a rough idea of the political mood around the issue.

Pros - What's in favor?

  1. Sovereignty: Abolishing the euro would give national governments back control over their own currency. This would allow them to better tailor their economic policies to the needs of their own countries and to respond more flexibly to economic challenges.
  2. Competitiveness: Some countries, particularly in southern Europe, argue that the euro is affecting their competitiveness. By returning to national currencies, these countries could devalue their currency and thereby improve their export opportunities.
  3. Stability: The euro zone is made up of countries with different economic environments. Abolishing the euro could allow countries with weaker economies to devalue their own currencies to increase their competitiveness and stimulate their economies.

Cons - What's against it?

  1. Economic integration: The euro has fostered economic integration in the European Union. The common currency area facilitates trade, encourages investment and creates a level playing field for businesses. Abolishing the euro could fragment the single market and make economic exchanges between member states more difficult.
  2. Stability and confidence: The euro is a stable currency that enjoys confidence among investors and international markets. Abolishing the euro could lead to uncertainty and currency fluctuations, which could affect both the domestic economy and international trade.
  3. Costs: The introduction of a new national currency would entail considerable costs. New banknotes and coins would have to be printed, payment systems adapted and administrative structures created. This could lead to short-term economic disruptions and tie up financial resources.