The annual “Eurobarometer” survey of all 27 EU countries and candidate countries came out today, and it showed that while Europeans are feeling slightly more optimistic about the economy than last year, they still don’t think the financial crisis is over.
Importantly, while the majority if the people surveyed felt like the European Union has not acted effectively to combat the financial crisis, they still think that the EU has acted more effectively than the United States since the beginning of the crisis — by a margin of 10%.
Here are the other main takeaways from the survey:
- Just 43% of Europeans think the financial crisis has hit its peak. 47% think the worst is yet to come.
- However, more Europeans are optimistic about the economy than this time last year, when 55% of those surveyed thought the worst was yet to come.
- The Danes, Estonians and Austrians are most confident about the economy while responders from Portugal and Greece are the most pessimistic.
- Most Europeans want financial reform, including higher taxes on banks, hedge funds, and 82% of survey-takers wanted more regulation of wages for those in the financial sector (high bank/hedge fund bonuses).
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