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Collective Memories on the 2010 European Debt Crisis

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  • Arnemann, Laura
  • Konrad, Kai A.
  • Potrafke, Niklas

Abstract

We examine whether collective memories on the aid&reform programs chosen to handle the 2010 European debt crisis di�er 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 di�erent 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.

Suggested Citation

  • Arnemann, Laura & Konrad, Kai A. & Potrafke, Niklas, 2021. "Collective Memories on the 2010 European Debt Crisis ," CEPR Discussion Papers 15683, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:15683
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    More about this item

    Keywords

    aid&reform programmes; Collective memories; European debt crisis; experts; nation-serving biases;
    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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