Introduction
in European social democracy during the global economic crisis
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The historical relationship between economic crisis and social democracy is both intrinsic and far from straightforward. In terms of electoral performance, an overview suggests that social democratic parties have fared badly as a result of the global economic crisis. The crisis of neo-liberalism creates the potential to consider a shift towards an alternative socio-economic model and set of ideas. This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book discusses the relationship between social democratic parties and what they claim were two 'Faustian pacts' entered into: one with European integration, and the other with the knowledge-based economy. In the case of the British Labour Party, the book further identifies the absence of ideological alternatives to the 'there is no alternative' (TINA)-logic that prevailed under the leadership of both Tony Blair and Gordon Brown.

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