Tue, Dec 27, 2011 - Page 10 News List

Honeymoon over for Europeans and their money

AFP, BERLIN

“If we returned to the drachma we would fall into poverty, it makes no sense, really,” says Angeliki, a retired Athenian.

Kerstin Bode-Rau, a German lawyer in her 40s, found that “the euro has strengthened cohesion in Europe, it forces us to work together.”

However, she admits feeling a “rational” attachment to the European common currency, compared with the more emotional link she had to the Deutschmark of her youth.

And within the EU, the euro is hardly the envy of the periphery.

The British are less interested than ever and elsewhere, the eagerness to join the club is curdling. For the first time since 2005, more Lithuanians now say they are opposed to the euro than support it, according to a recent survey.

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