CEU eTD Collection (2025); Foldi, Tamas: The Eurozone Crisis and Rising Euroscepticism: A Panel Data Analysis of Creditor and Debtor States

CEU Electronic Theses and Dissertations, 2025
Author Foldi, Tamas
Title The Eurozone Crisis and Rising Euroscepticism: A Panel Data Analysis of Creditor and Debtor States
Summary This paper examines the impact of the Eurozone crisis on attitudinal Euroscepticism across European Union (EU) member states, focusing on the disparity between creditor and debtor states. To analyze the change in the magnitude and type of Euroscepticism, a fixed effects panel data regression is employed, covering 24 EU member states between 2005 and 2014, and supported with a descriptive analysis. The paper finds that following the crisis Euroscepticism increased significantly, with debtor states experiencing the highest spikes. This supports the argument that debtor states suffered more significant economic downturns and loss of sovereignty compared to other member states, hence, leading to greater dissatisfaction with the EU. However, the descriptive analysis finds little evidence of a systematic difference in the type of Euroscepticism that emerged between the country groups. While creditor states saw a greater rise in hard Euroscepticism, debtor states experienced an increase in both soft and hard Euroscepticism, with the latter increase often larger.
Supervisor Sitter, Nikolai
Department Undergraduate Studies BA
Full texthttps://www.etd.ceu.edu/2025/foldi_tamas.pdf

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