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Collective Memories on the 2010 European Debt Crisis


  • Laura Arnemann
  • Kai A. Konrad
  • Niklas Potrafke



We examine whether collective memories on the aid&reform programs chosen to handle the 2010 European debt crisis differ between citizens from borrower and lender countries. We use new international survey data for non-experts and experts in member countries of the euro area. The results show that non-experts from borrower and lender countries remember aspects of the programs in different manners; indicating biases for assessments of how the crisis outcomes are perceived in borrower and lender countries. Nation-serving biases may well explain if the European debt crisis has reduced the sense of belonging rather than bringing European citizens closer together.

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  • Laura Arnemann & Kai A. Konrad & Niklas Potrafke, 2021. "Collective Memories on the 2010 European Debt Crisis," CESifo Working Paper Series 8825, CESifo.
  • Handle: RePEc:ces:ceswps:_8825

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    References listed on IDEAS

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    More about this item


    collective memories; European debt crisis; nation-serving biases; aid&reform programmes; experts;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods

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