In this paper we use three cross-sections of the Eurobarometer Survey to study how European citizens’ trust in the European Central Bank evolved throughout the Worldwide Financial Crisis and the European Debt Crisis. Employing the results of a logit-estimation-approach we show that both crises contributed to a significant decline in trust in the European Central Bank even after controlling for the inferior macroeconomic circumstances in consequence of the crises. We also show that the effects of the two crises on trust in the European Central Bank differ considerably in the member countries of the European (Monetary) Union.