EU Economy Explained: What is the Social Market Economy?

The EU Economy is built on the foundation of a social market economy, a unique model that combines economic growth with social equity. In this video, we explain how the EU fosters growth while reducing poverty and inequality through innovative initiatives like SURE and NEXT GENERATION EU.

The SURE initiative provided critical support to 2.5 million businesses during the COVID-19 pandemic, helping safeguard jobs and maintain economic resilience. Meanwhile, the NEXT GENERATION EU investment of over €800 billion is driving job creation and future-proofing the workforce through the Skills Pact, which ensures workers are equipped with the skills needed for the future.

The EU is also committed to ensuring fair wages and working conditions across the Union, promoting social justice and worker well-being. Programs like the Child Guarantee support families by providing access to childcare, enabling greater workforce participation, while efforts to achieve gender equality in leadership are enhancing innovation and diversity.

Watch as we explore how the EU Economy blends growth and fairness, creating opportunities for all citizens.

#EUEconomy #SocialMarketEconomy #SUREInitiative #NEXTGENERATIONEU #FairWagesEU #SkillsPactEU #EconomicsExplained #EUCommission #EuropeanUnion

00:00 EU's Social Market Explained
00:24 SURE
00:39 Next Gen EU
00:57 The Pact for Skills
01:23 Wages
01:45 Digital work
02:14 Child guarantee
02:26 Pay transparency

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