We need a strong economy, but we also need a society of solidarity. Let us look at how we distribute the fruits of work among our citizens. But the Member States and the EU have not left people to the mercy of the markets. We have given our citizens the strongest social safety net in the world. It has made this economic success possible.
Social policy is a productive factor.
Europe as an economic entity has a good external balance with surplus in trade and current account. Social policy, social protection and social dialogue are the bedrock upon which the Union's political success is built. They have brought millions out of poverty. They have sustained Europe's competitive and productive performance. And they have kept Europe peaceful.