Talkwalker conducted sentiment analysis of social media to assess how politicians from Greece and Germany are perceived in the bail-out debate.
The research found that mentions of Greek prime minister Alexi Tsipras were 12 per cent positive and 39 per cent negative, while mentions of Angela Merkel were five per cent positive and 65 per cent negative.
Schäuble scored the lowest score of positive mentions, with only one per cent positive and 91 per cent negative mentions.
Yanis Varoufakis, finance minister of Greece, was perceived in a more favourable light than Schäuble, with 12 per cent positive mentions and only 35 per cent negative.
Social media users had a sympathetic view of Greece’s concerns over austerity, while Germany’s rejection of Greek’s position was seen as bullying.
In Germany, 60 per cent of people discussing a possible 'Grexit' – a Greek exit from Europe – felt it would be dangerous for the Eurozone, while eight per cent did not see it as a problem.
On Twitter, worldwide mentions of a 'Grexit' almost doubled in 24 hours from 7,000 to 12,600.
Social conversations around the debate are dominant in central Europe, Spain and Portugal, with more than twice as many discussions as anywhere else.
Talkwalker CEO Robert Glaesener said: "Messrs Tsipras and Varoufakis seem to have hit a social nerve. While it is too simplistic to say that they are perceived as heroes and the Germans are the bad guys in the debate, the overall social consensus seems to be that the Greek position achieves more sympathy than the German one.
"It is also worth pointing out that this cannot be considered solely as a northern vs southern European debate, given that the majority of the conversation seems to be being held in central as much as in southern Europe."