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This text offers a comparative analysis of the changes in ideology and policy programmes on economic policy of the British Labour party and the German SPD (Sozialdemokratische Partei Deutschlands). Using an historical institutional approach, Knut Roder focuses on labour market policies - particularly labour market policies - and explains the process of policy change. It reveals the labour party's and the SPD's search for an alternative economic policy approach during their long spell in opposition in the 1980s and 1990s, and illuminates how both parties arrived at the current third way / Neue...

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...