The European project was built on the ashes of two world wars. The ongoing COVID-19 crisis, the most devastating pandemic afflicting humankind in the last century, may be its undoing. Or can it become the catalyst for building a stronger European Union for the future? The jury is still out.
For the second time over the last ten years, low-income economies are confronted with the challenge of overcoming a macro crisis they did not spark and for which they have disproportionally poor capacity to cope with compared to high-income countries. In this context, development finance institutions (DFIs) have an important role to play, both during the crisis and for the recovery.
Over the past few weeks, the EU has been mobilising its full firepower – including health coordination, economic measures and market regulation – to address the COVID-19 crisis within its borders. Yet, in facing a global pandemic that knows no borders, it is in Europe’s interest to mount an effective global response at scale.
As the Coronavirus pandemic expands, and peak contagion remains uncertain, policy responses are gradually emerging, being implemented in a number of domains.
The crisis has several important implications, but two are currently dominating the headlines: individual health and the sustainability of national healthcare systems, and the economic fallout from the pandemic.
The crisis linked to the CoVid-19 epidemic now plunges all societies in the world into a state of exception and a strange war made of both a sanitary emergency and a suspended time, for an indefinite period. Each individual and each organisation is now making arrangements until further notice, with the shared feeling of a long period of uncertainty and deep questioning about the very foundations of our societies, our economies, and our ways of living together: our view of the world will necessarily be profoundly modified.
Scientists are particularly exposed in the current health crisis, where governments are using their advice to consolidate their decisions. Thus summoned as experts, also by the media, they find themselves both placed in collective responsibility, as is the case with the scientific council mobilised around the French government, and exposed individually. They also constitute a reference point, to which one can refer in order to gradually build up, as a citizen, an understanding of the situation. The role of science within society and in relation to the major political decisions that have to be made is thus extremely active, in various configurations, and subject to multiple pressures.