The Banking Executive Magazine - August Issue 2022

Where is The EU Standing Today? DIMENSION 3. EU SOCIAL MODEL The EU social model is described in terms of social justice and jobs, val- ues and rights, rule of law and secu- rity, European democracy, education, culture, youth and sports. SOCIAL JUSTICE AND JOBS EMPLOYMENT AND SOCIAL AFFAIRS The EU contributes to the creation of more and better jobs across Europe and aims for fair social standards for all, including through the € 99.3 bil- lion European Social Fund Plus for the 2021—2027 period. REGIONAL POLICY Regional policy targets all regions and cities in the European Union in order to support job creation, busi- ness competitiveness, economic growth and sustainable develop- ment, and to improve citizens’ qual- ity of life. VALUES AND RIGHTS, RULE OF LAW, SECURITY JUSTICE AND FUNDAMENTAL RIGHTS The EU guarantees a range of funda- mental rights for its citizens and pro- tects them from discrimination, while the EU’s common justice area helps solve cross-border legal problems for both citizens and businesses. EUROPEAN DEMOCRACY MIGRATION AND ASYLUM The EU’s common migration and asylum policy helps Europe deal with migration challenges in an ef- fective manner. BORDERS AND SECURITY The European Union is working to- wards establishing a security union, making Europe more secure by fight- ing terrorism and serious crime and by strengthening Europe's external borders. EDUCATION, CULTURE, YOUTH AND SPORT EDUCATION AND TRAINING The EU helps improve the quality of education by encouraging coopera- tion between member states and by complementing national actions. The EU provides opportunities for people of all ages and enables young people in particular to study, train, gain work experience or volunteer abroad. YOUTH Through its youth policies and pro- grammes the EU aims to make sure young people can participate fully in all areas of society and to give them more opportunities in education and the job market. CULTURE AND MEDIA The EU works to preserve Europe’s shared cultural heritage and make it accessible to all. It supports the arts and helps cultural and creative in- dustries to thrive, specifically through the Creative Europe pro- gramme. SPORT The EU promotes the health benefits and positive values associated with sport, supports cooperation between policymakers and dialogue with sports organisations and tackles problems such as doping, match-fix- ing and violence. DIMENSION 4. EU IN THE WORLD The EU role in the world is assessed based on international partnerships, EU neighbourhood and enlargement policy, international trade, humani- tarian and civil protection, foreign af- fairs and security policy. INTERNATIONAL PARTNERSHIPS Partnerships and development coop- eration lie at the heart of the EU’s for- eign policy. The EU and its member states are the world’s largest provider of development aid. EU NEIGHBOURHOOD AND ENLARGEMENT The EU encourages stable democra- cies and economies in neighbouring the BANKING EXECUTIVE 14 ISSUE 164 AUGUST 2022 EU SOCIAL MODEL Values and rights Rule of law security Education Culture Youth Sports Social justice and jobs European democracy