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Underlining the potential appeal, a recent poll showed that even though 69 percent of Germans now back the euro
-- up from about 50 percent last year -- a significant minority of 27 percent said they'd like to see a return to the mark. The survey of 1,003 people was conducted April 2-3 for the business daily Handelsblatt. The poll had an estimated margin of error of plus or minus 3.1 percentage points. Abandoning the euro currency would have significant costs, especially for Germany as a heavily export-oriented economy. According to analysts' estimates, it could easily knock down the country's annual output by a double digit percentage figure. "I think the Germans know, and to some extent accept, that they have to pay the bill for saving the euro," said Ursula Weidenfeld, an economist and author. "They just want to make sure that they aren't paying more than necessary." Other nations such as the Netherlands, Austria and Finland have also insisted on the same austerity measures that Germany has demanded in exchange for European bailouts, but as the bloc's largest economy and the largest single contributor to the funds, most of the anger has been directed at Germany and Merkel. Some of Merkel's voters are now beginning to wonder whether their country
-- and their savings -- should be tied to the struggling euro project, and Weidenfeld said support for the euro "could quickly change if a new rescue package has to be negotiated." Should the eurozone's woes spread to fully engulf Italy or Spain -- the bloc's third- and fourth-largest economies
-- and require them to ask for a bailout, German voters could panic, said Niedermayer. In Germany's election in September, the issue poses the greatest threat to the Free Democratic Party, Merkel's junior coalition partner, which has a pro-business platform. Because the party has polled only slightly above five percent, even the loss of a few thousand voters could mean disaster. "It's not impossible that this new party could sap half a percent from the FDP and thereby kick them out of parliament," said Niedermayer. That could create a huge headache for Merkel, who may find it hard to form a workable majority in parliament without the FDP. Merkel's own party, too, could suffer if conservative voters see Alternative for Germany as a credible way to express their frustration about her leadership. Economist Rudolf Hickel told Germany's Deutsche Welle, however, that even though there is anti-euro sentiment out there, Alternative for Germany doesn't have broad enough appeal to effectively tap it. "They are professors and frustrated economists," he said. "If the party were headed by a populist, I'd consider them dangerous."
[Associated
Press;
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