pisaniferry128_Thomas LohnesGetty Images_chirstine lagarde Thomas LohnesGetty Images

The End of the COVID Consensus

Whereas the shock of the COVID-19 pandemic initially prompted unity and convergence in Europe, the current phase of the crisis is much more delicate economically and politically. If mismanaged, it may reopen old wounds and shatter policymakers’ newly acquired legitimacy.

PARIS – Crises pose demanding tests for governments. In 2008, most were found wanting when financial mayhem engulfed the developed world. And within a few years, most of their leaders had been voted out of office as public anger reached its peak. So far, governments have responded much better to the economic fallout of the COVID-19 shock. But will electorates reward them, or will popular fury once again consume democratic systems? Our political future will depend on how voters assess national leaders’ performance.

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