Courtesy of Mish.
Here is an interesting Gallup poll that came my way today from a friend “BC”. The poll was taken last month. It shows European Countries Lead World in Distrust of Banks.
Thirteen percent of Greeks said they had confidence in their country’s banks or financial institutions in 2012, leading the nearly all-European list of countries where trust in financial institutions was among the worst in the world last year. Seven European Union countries had trust levels lower than 30%, far below the median 55% across 135 countries. Even in the EU’s largest funder of the eurozone bailouts, Germany, fewer than four in 10 (38%) expressed confidence in their country’s financial institutions.
European Bank Confidence
Global Bank Confidence
Note the misplaced trust in Asian, African, and even Canadian banks.
The wording of the question as listed was confusing: “In [country] do you have confidence in each of the following or not? How about financial institutions or banks?”
The question should have been more along the lines of “Do you have confidence in your country’s banks and financial institutions?”
US Bank Confidence
A Gallup Poll out today shows Americans’ Confidence in Banks Up for First Time in Years
Americans’ confidence in U.S. banks increased to 26% in June, up from the record low of 21% a year ago. The percentage of Americans saying they have “a great deal” or “quite a lot” of confidence in U.S. banks is now at its highest point since June 2008, but remains well below its pre-recession level of 41%, measured in June 2007. Between 2007 and 2012, confidence in banks fell by half — 20 percentage points.
US Bank Confidence
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