4 May 2020

MED 120 Emergency Dialogue: Exploring Critical Action to Prevent a Terminal Crisis #3

MED 120

As a response to the current crisis, the Mercator European Dialogue has launched its new MED 120 format. 120 minutes for facilitated online dialogue among members of parliament and a policy deep dive enriched with condensed and highly specialized expert insights.

We have a crisis that requires decisive leadership to provide key supports for society.  The ‘doctors’ – strategists, NGOs and policymakers – are circulating many ideas for a better future that might be useful to pursue once the patient is discharged. But the ‘patient’ – EU economy and society – is now in critical condition.

The support provided needs to be strategic and comprehensive – and prepared in advance. Given the stakes, there is no time to lose. So, how to stabilize the patient?

We were joined by two global experts, Hannes Kunz and Nate Hagens from The Institute for Integrated Economic Research (IIER) and its partner organization (ISEOF). They have been simulating economies with a complex modelling approach for the past decade and are now focused on the analysis of this crisis.

This MED 120-minute Zoom dialogue enabled a small group of parliamentarians to explore together:

  • the critical economic, financial and social implications of this crisis;
  • further decisive national and pan-European actions that may be required;
  • ways to engage with others at the heart of key decision-making processes.

Mercator European Dialogue x Advance Politics

Advance Politics is a special collaborative project designed by the Mercator European Dialogue team together with The Institute for Integrated Economic Research (IIER). The format aims to provide a space for Members of Parliaments to engage in out-of-the-box thinking and scenario exercises. It is explicitly designed to challenge existing policy and political assumptions and dig deeper into the big questions of our times through collaborative enquiry with select policymakers from across Europe.

About IIER

The Institute for Integrated Economic Research is a non-profit organization based in the Netherlands and the U.S. It focuses on identifying empirically validated macroeconomic system descriptions and models. Key aspects of the work of IIER include the development of a thorough understanding of our (human) eco(nomic) system, integrating traditional economics, resource use, financial systems and human behaviour, and providing and promoting inputs for society, academia and policymaking with the aim of broadening knowledge and effort towards understanding and mitigating future risks.

Connected themes

Follow-Up Paper | 28 Apr 2020