Social democracy at a time of crisis
Social democracy at a time of crisis
This chapter discusses the state of European social democracy in the aftermath of the global financial crisis and ongoing European sovereign debt crisis. The chapter analyses how the process of European integration has weakened the position of social democratic parties in challenging the neoliberal paradigm in Europe and how it can partly explain their confused answers to the debt crisis of the Eurozone. The purpose of the chapter is to emphasise an important ideational constraint faced by the Labour leader. When Miliband was developing Labour’s political programme, Europe was in turmoil and European social democratic parties were in no position to offer either inspiration or institutional support to the type of policies he sought to adopt.
Keywords: Social democracy, Neoliberalism, Deficit crisis, Eurozone, European integration
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