30.03.2020

DELANO – “The day after tomorrow”

Much of the future is out of our control, but there is a lot we can do to be in good shape for whatever comes next, says Nicolas Henckes of Luxembourg companies federation the clc.

I guess everybody will agree on the fact that, as a country, we are facing a significant challenge.

First, there’s the public health situation of course and it will soon become a more personal issue, when the first people we know will fall ill and maybe even not survive the virus. The chances are that everyone will get the virus at one stage or another, with more or less unpleasant consequences. This poses an immediate threat that we have to face up to.

Second, however, we might have a larger peril looming at our door. The possibility of a strong economic crisis following up on the pandemic might prove as devastating as a tsunami after an earthquake. This would cause much greater damage on the medium term to our societies, impacting even how our democracies work. So, what can we do about that without triggering a heated and counter-productive Health vs. Economy debate? These concepts are not opposed at all, they are parts of our society and they are interdependent: the failing of one will result in the failing of the other.

 

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