This chapter provides a short explanation of the fall of the Latvian left
from historical prominence to modern infamy, followed by an analysis of the
surprising lack of resurrection of the left in spite of harsh austerity
measures imposed in the Latvia, and the impact of the Latvian
cross-ideological consensus on the future of the EU. As a result, three
central arguments are presented in the context of the financial crisis and
the left. First, Latvian politics saw a self-induced relabelling of some
parties from ethnic issues to social democratic ones. Second, some social
democratic politicians and their policies were incorporated into government.
Third, economic social democracy becoming a part of catch-all programmes of
Latvian political parties.