This paper discusses the structural problems of the European integration that exposed the European system to the typhoon of the 2007 outbreak and still impede needed recovery. Consequently, it tries to shed light on the theoretical debate that has shaped the political discourse in Europe and has dictated certain policy responses. Finally, it examines the status and the role of Social Democracy in Europe in an effort to explain her inadequate response to the crisis and her recent electoral retreat. It concludes with a series of assumptions that provide the European progressives with a potential political and ideological weaponry in the context of the changing European society and the forthcoming European elections.
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