during the period of low interest rates, the approval ratings have not changed significantly. The strong downturn came in 2008 as a result of the financial crisis. That is when trust plummeted. The reasons were, above all, economic. Before 2008 we, and most economists, predicted that the euro area would carry on growing continuously.
But then came the recession following the financial crisis and we never reached the predicted economic strength. Shortly afterwards came the sovereign debt crisis, the second recession and the rescue programmes with their cutbacks. So expectations were raised much too high and could not be fulfilled. That is a great disappointment for many people. So everything is the fault of the financial crisis.