Workers’ Group of the European Economic and Social Committee recently
commissioned a study to explore possible ways of integrating the European
Pillar of Social Rights into the roadmap for deepening the Economic and
Monetary Union. The study proposes three strategies: increasing the EU budget’s
focus on social objectives and creating a social budget for the eurozone;
creating a macro-economic stabilisation instrument in the form of an equivalent
European unemployment benefit scheme; and finally, establishing a procedure to
combat social imbalances.
the study argues in favour of a European unemployment benefit scheme which does
not interfere as extensively with the competences of the Member States, it
leaves no doubt that a set of common standards should be created. In the long
term, however, a suitable scheme should not only cushion economic shocks, but
also make a lasting contribution to solidarity among the Member States.
study was contracted to the European Social Observatory (OSE) which
commissioned a team of authors to draw up the report (Sabato, S., et al.)
study is available here.