The European left and the financial crisis

Editors: Michael Holmes and Knut Roder

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.

Abstract only
Get Access to Full Text

You are not authenticated to view the full text of this chapter or article.

manchesterhive requires a subscription or purchase to access the full text of books or journals - to see content that you/your institution should have access to, please log in through your library system or with your personal username and password.

If you are authenticated and think you should have access to this title, please contact your librarian.

Non-subscribers can freely search the site, view abstracts/extracts and download selected front and end matter. 

Access Tokens

If you have an access token for this content, you can redeem this via the link below:

Redeem token

INFORMATION
METRICS
All Time Past Year Past 30 Days
Abstract Views 520 520 74
Full Text Views 302 302 6
PDF Downloads 80 80 15
RELATED CONTENT