Nearly half of Germans favor Greece dumping the euro, according to a poll by Stern Magazine. Forty-nine percent are in favor of a “Grexit,” while only 39 percent of Germans say Greece should keep the euro.
Furthermore, 62 percent of Germans hope that Chancellor Angela Merkel sticks to her guns and doesn’t soften austerity measures. Calls for “pro-growth” solutions to the crisis have been increasing since the election of Francois Hollande, France’s new president and proponent of “growth” over austerity.
Despite her country’s cries for unwavering fiscal discipline, Merkel has shown signs of capitulating to pro-growth proponents and supports the idea of a separate, cost-neutral growth pact. Her growth plan would be alongside the fiscal pact and would use no new stimulus money, but would instead more efficiently use EU funds.
Also, 59 percent of Germans admitted a lack of understanding for Greeks who want to vote for the parties opposed to fiscal austerity. The June 17 Greek election will decide the path of the heavily debt-laden nation and whether or not staying in the eurozone is possible.
While most Europeans are opposed to their own countries exiting the eurozone, it seems that people aren’t opposed to other nations leaving the euro.
Worries over the outcome of the Greek election, France’s rejection of austerity measures and banking problems in Spain have further fed fears of recession and financial collapse, spurring governments and central banks to act quickly.
The European Central Bank and the Bank of England are both meeting this week amid increased pressure to stimulate growth. Meanwhile, Merkel has expressed openness to the idea of an EU banking union proposed by the EU commission.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact email@example.com.