European left and the financial crisis

The Impact of the 2007–8 Financial Crisis

The global financial crisis of 2007–8 did not offer the political and economic opportunities to the left that many thought it would. As financial institutions collapsed, traditional left-wing issues were apparently back on the agenda. However, instead of being a trigger for a resurgence of the left, in many European countries left-wing parties have suffered savage electoral defeat.

At the same time, the crisis has led to austerity programmes being implemented across Europe. This book brings together essays that consider ten EU member states, including all bail-out recipients and some of the main “donor” states, in an examination of this crucial period for the left in Europe from a number of perspectives. Comparisons are presented between the various EU member states, as well as different party families of the left, from social democracy through green left to radical left.