"This article puts forward a proposal for deepening the social dimension within the European Union and thus to contribute to the debate surrounding the future of Europe’s Economic and Monetary Union. European social policy aims to eliminate inequalities and disparities in existence in Europe’s labour market, in wage and income developments at the EU level, and in European social security systems. By striving to overcome the aforesaid inequalities and disparities, European social policy is, above all, taking on a social stabilisation function." (Quoted from article)