confidence in the event of downside risks. Medium-term policies should ensure that public debt is firmly on a downward path …

This paper investigates how persistent changes in trust caused by the Great Recession have affected how governments and … in the social contract and lack of trust that governments would protect them. Mistrust driven by exposure to the Great … suggest that economic events that lead to changes in social trust have lasting legacies by affecting government and citizen …

Europeans' confidence in political institutions has dropped precipitously since the onset of the Euro-crisis in 2010 …. However, the decline in public trust in government varies tremendously across countries and occupational and educational … economic factors explain much of the cross-national and over-time variation. The baseline level of trust is influenced greatly …