By Pablo Iglesias-Rodriguez, Anna Triandafyllidou, Ruby Gropas

This foreign assortment reports how the monetary situation of 2007 and the consequent financial and political crises in Europe and North the USA have prompted a technique of switch within the box of economics, legislations and politics. individuals to this booklet argue that either elites and voters have needed to reconsider the character of the marketplace, the function of the nation as a marketplace regulator and as a supplier of welfare, the position of political events in representing society’s major political and social cleavages, the position of civil society in voicing the worries of voters, and the function of the citizen because the final resource of strength in a democracy but in addition as a essentially powerless topic in an international economy.

The publication stories the actors, the components and the approaches that experience carried ahead the switch and proposes the concept of ‘incomplete paradigm shift’ to examine this modification. Its authors discover the a number of dimensions of paradigm shifts and their differentiated evolution, arguing that this present day we witness an incomplete paradigm shift of economic laws, fiscal types and welfare platforms, yet a stillbirth of a brand new political and financial paradigm.

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Leconte, C. 2010. Understanding Euroscepticism. London: Palgrave Macmillan.  Trenz. 2011. The New Politics of European Civil Society. London: Routledge. Mair, P. 2009. Representative versus Responsible Government. MplfG Working Paper 09/8. ——— 2007. Political Opposition and the European Union. Government and Opposition 42: 1–17. Marquand, D. 2011. True Challenge of a European Demos. net/david-marquand/ true-challenge-of-european-demos, last accessed on 11 February 2015.  Rosenthal. 2013. Political Bubbles: Financial Crises and the Failure of American Democracy.

Stulz, R. 2010. Credit Default Swaps and the Credit Crisis. Journal of Economic Perspectives 24: 73–92.  Taggart. 2008. : The Comparative Party Politics of Euroscepticism: Volume 2: Comparative and Theoretical Perspectives. Oxford: Oxford University Press. I. 2011. Democracy Put to the Test. Open Democracy. Tsoukalis, L. 2014. The Unhappy State of the Union. Europe Needs a New Grand Bargain. London: Policy Network. , ed. 2007. Democratic Consolidation in Eastern Europe. Volume 1: Institutional Engineering.

2 EBA Regulation) by appointing, as representatives of such category persons from within the financial services industry as well as providers of services to the financial industry. Indeed, of the five persons initially appointed as ‘users of banking services’ at the Banking Stakeholder Group, four came from consulting and auditing firms with major clients in the banking sector, namely Deloitte, KPMG, Mazars and PwC, and one from a credit rating agency, namely Standard & Poor’s (European Banking Authority 2011 and 2013b, p.

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