Change and adaptation to new developments have led our societies and economies to progress and prosperity. They are essential conditions for our peaceful coexistence in Europe. However, change is often disruptive, shifting powers and increasing inequality. This may threaten social peace and hamper economic development. A clear regulatory framework and state support are needed to avoid market failure and empower people and economic actors in change. The European Union, with its monetary union and internal market, plays a key role in shaping the conditions for this, be it in the area of digitisation, sustainability, climate, employment or finance and investment. The European economic and social model with strong public institutions, good social security, active labour market policies and social partnership must be strengthened as stability factors, not least in global competition.