Q. What’s behind the dissatisfaction that seems to be affecting the euro? A. I think there is criticism of the behaviour of some governments regarding their own economic and fiscal policies, and also on others, because they did not exert appropriately the surveillance on their peers. . But I don’t think the criticism concerns the single currency, which is a clear success.
The second factor is an increase in the household saving rate; in the early 1990s, around 30 per cent of household income was saved, while today this share is close to 40 per cent.