This book offers the first comprehensive political analysis of the Euro crisis that erupted in Greece in 2010 and subsequently threatened the very survival of the Euro area. It has left a profound mark on democratic politics all over Europe, changing public attitudes and voting preferences, institutional and societal norms, and deeply anchored political traditions.
The contributors to this volume reveal the extent to which policymakers are torn between the pressures emanating from financial markets and the demands put forward by their own constituents; how they struggle to reconcile national preferences with wider European interests; and how a polarized and politicized Union seeks to maintain some degree of cohesion. The emerging picture is that of a European Union under serious stress, transformed by new governance structures and a shifting balance of power. In response, the authors evaluate the prospects of a more legitimate and democratic Europe. They provide a rich and pluralist set of new analyses and proposals, aimed at understanding and navigating the myriad tensions which surround the EU in the aftermath of the crisis. If the European project is to regain the trust of its citizens, such considerations must take a central place in public debate.

The social democratic parties were once the strongest political forces in Europe. Today, however, they appear disoriented and rudderless, crucially lacking the ideological, intellectual, and organizational vitality which underpinned their strength in the post-war political landscape. Electorally marginalized, seemingly ideologically exhausted, and often out-of-step with the contemporary zeitgeist, European social democracy is currently in profound need of revision and renewal - potentially its very existence as a political force is under threat. This book marks a serious attempt to forge the intellectual backbone of a renewed social democracy fit for the 21st century. Bringing together leading academics, political thinkers, and policy experts, After the Third Way offers a new and original perspective on ideological and policy innovation, and will be invaluable reading for anyone interested in the future of social democracy.