A Rorschach test for the observers of Greece

 •  Filed under EU, surveys, International economics

For several years, a majority of Greek citizens expected that their life would get worse next year. Looking at polling data, I saw that many Greeks still expect that their life situation will deteriorate, but the percentage of respondents saying that their life will get worse next year as fallen:

Source: Eurobarometer

One could say that things are getting better. But there are many other equally valid interpretations that you could put forward.

Maybe the Greek economy hit the bottom and the citizens do not feel any improvement -- they just expect that things cannot get much worse. That would make opinion polls like the one above "look better" even if the mood and expectations have not actually changed much.

The striking part, of course, is the distance between Spain and Greece. In late 2014, only one in ten people in Spain held negative expectations for next year, in spite of how much Spain has been through.