The European left and the financial crisis

Editors:
Michael Holmes
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Knut Roder
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The financial crisis that erupted on both sides of the Atlantic in 2007–8 initially seemed to offer new political and economic opportunities to the left. As financial institutions collapsed, traditional left-wing issues were apparently back on the agenda. There was the prospect of a return to a more regulated economy, there was widespread state intervention to try to salvage failing banks, and it led to increased scrutiny of the wages and bonuses at the upper end of the scale. However, instead of being a trigger for a resurgence of the left, and despite a surge of support for new parties like SYRIZA and Podemos, in many European countries left-wing parties have suffered electoral defeat. At the same time, the crisis has led to austerity programmes being implemented across Europe, causing further erosion of the welfare state and pushing many into poverty. This timely book examines this crucial period for the left in Europe from a number of perspectives and addresses key questions including: How did political parties from the left respond to the crisis both programmatically and politically? What does the crisis mean for the relationship between the left and European integration? What does the crisis mean for socialism as an economic, political and social project? This collection focuses on a comparison between ten EU member states, and considers a range of different party families of the left, from social democracy through green left to radical left.

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Chapter 1: The European left and the crisis
Chapter 1: The European left and the crisis
Chapter 2: The Greek left and the crisis
Chapter 2: The Greek left and the crisis
Chapter 3: The changing nature of the Spanish left
Chapter 3: The changing nature of the Spanish left
Chapter 4: Geringonça
Chapter 4: Geringonça
Chapter 5: ‘Frankfurt’s way or Labour’s way’
Chapter 5: ‘Frankfurt’s way or Labour’s way’
Chapter 6: The Cypriot left and the crisis
Chapter 6: The Cypriot left and the crisis
Chapter 7: The Italian left and the crisis
Chapter 7: The Italian left and the crisis
Chapter 9: Navigating through troubled times
Chapter 9: Navigating through troubled times
Chapter 10: Take a walk on the left side
Chapter 10: Take a walk on the left side
Chapter 11: In the shadow of Merkel
Chapter 11: In the shadow of Merkel
Chapter 12: Between Scylla and Charybdis
Chapter 12: Between Scylla and Charybdis
Chapter 13: Alter-Europeanism?
Chapter 13: Alter-Europeanism?
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