If not the root of all evil, the French are looking down their noses at the replacement for the Franc:
A majority of French people believe the switch to the euro five years ago was bad for their country, according to a recent poll, which suggests the French blame the common European currency for damaging economic growth and causing price hikes.
The TNS-Sofres survey published on Wednesday (27 December) by Le Pelerin magazine showed 52 percent of respondents said giving up the franc for the euro has been "quite bad" or "very bad" for France, up from 45 percent three years ago in a similar survey.
Fifty-one percent of the 1000 participants in the telephone poll said the single currency has been mainly harmful for economic prospects while 94 percent were convinced the euro has fuelled inflation.
.... Altogether, the special survey found the lowest rate of approval for the euro since its introduction.
"While in 2002, 59% of the respondents in the eurozone thought that the new currency was overall advantageous for their country, currently only less than half of respondents hold such a favourable opinion," it concluded.
Tuesday, January 09, 2007
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