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The decline in italian public support for the euro: The role of economic factors

The thesis documents the changes in Italian public opinion towards the Euro. Its aim is to assess the relevance of economic factors for the decline in Italian support for the common currency. The thesis begins by assessing the extent to which support for the Euro has declined in Italy. While there has been popular, media and political comment on this issue, the thesis investigates the changes in attitude through the use of survey material and concludes that there is compelling evidence that public support for the Euro has declined in Italy. The thesis adopts a utilitarian/rational choice approach in order to investigate the reasoning behind the Italian public's developing relationship with the single currency from 1998 to the present. Its central question is: How have economic factors impacted on the Italian public's support for the Euro? The analysis focuses on Italians' perceptions - not their actual knowledge - of national and individual level economic changes brought about by the single currency. The thesis investigates how such perceptions have impacted Italian popular support for the Euro over the period 1998-2007. The method employed in this thesis is primarily based around analysing quantitative data gathered from Standard and Flash Eurobarometers. Other sources considered are academic literature and newspaper articles. The analysis clearly suggests that Italians' optimism towards their national and personal economic situations have all decreased since the Euro was introduced, concurrently with their diminishing support for the Euro. This work suggests that the main reason for decreased support lies in Italian perceptions that the Euro has contributed to worsening economic situations at both the national and individual levels. In particular, Italians believe the Euro has spurred inflation and diminished their purchasing power, and accuse it of failing to promote economic growth and jobs. However, Eurobarometer data combined with newspaper articles indicate that it is the perceived economic consequences at the individual level - loss of purchasing power due to Euro-related price increases, and pessimism towards their household financial situation - that more strongly determine Italians' decreasing support for the Euro.

Identiferoai:union.ndltd.org:ADTP/232680
Date January 2009
CreatorsDe Matteis, Giulia, Social Sciences & International Studies, Faculty of Arts & Social Sciences, UNSW
PublisherPublisher:University of New South Wales. Social Sciences & International Studies
Source SetsAustraliasian Digital Theses Program
LanguageEnglish
Detected LanguageEnglish
Rightshttp://unsworks.unsw.edu.au/copyright, http://unsworks.unsw.edu.au/copyright

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