Strengthening the link between well-being and the economy: the key to a successful and sustainable European Care Strategy
Prioritising citizens’ health &
The wealth of society in purely economic terms is still considered more important than citizens’ well-being.
However, the COVID-19 pandemic is highlighting the flaws in previous economic measures that do not take into account issues like resilience, environmental sustainability and social inequality.
All Policies for a Healthy Europe is calling on the EU and its Member States to grasp the opportunity offered by the pandemic to effectively move beyond GDP as the main indicator for economic and all other policies. We recommend the following actions to be taken immediately:
Increase statistical capacities to ensure regularly updated and mainstreamed indicators
Such a decision should be financially planned in the Multiannual Financial Framework (MFF) of the EU
Achieve a political commitment by EU institutions to swiftly adopt and use well-being indicators
The Commission should issue a Communication addressing the Economy of Wellbeing (as asked by the Council in its 2019 Conclusions) and push for the adoption by the EU and its Member States of a Charter of Health and Well-being.
Reform the European macro-economic policy framework
- Take into account indicators of social well-being in the upcoming Action Plan to Implement the European Pillar of Social Rights.
- Reform the European Semester process to incorporate well-being indicators in national budget assessments and include Health and Environment Ministers in the process.