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European Pillar of Social Rights for a social market economy
Implementation of the European Pillar of Social Rights (EPSR) and link the achievement of the Rights in the Pillar with the Treaty objective of the European Union as a “social market economy, aiming at full employment and social progress”. The aim is to ensure the consistency of EU policies and initiatives with that objective, including by a potential inclusion of the Pillar in the Treaties. The fleshing out of the concept of the social market economy with a reinforcement of the role of the Pillar would also work to ensure a proper rebalancing of the existing EU economic governance instruments, including the Two Pack, Six Pack and Fiscal Compact.