The Covid-19 pandemic is a health crisis with far-reaching political, social and economic consequences. It has laid bare the vulnerabilities of globalised political and economic systems. But it also opens up new space for framing social policies. Will our societies come out the other side of this pandemic different from how they entered it? Could it even provide the decisive impetus for a decade of reform in a European future of ecological sustainability and digitalisation? Based on nine country studies the present document analyses the current approach to crisis management and the foreseeable structural transformation, and formulates four pillars of success for an effective transformation policy.