Joining the EU is said to provide member states with a list of advantages. These will include membership at the different European financial institutions. Generally, there are several European Financial Institutions. The European Central Bank (ECB) maintains the Euro's purchasing power and price stability. The European Investment Bank (EIB) raises funds for capital projects to the EU's objectives. The European Investment Fund (EIF) handles venture capital and serves as the guarantee agency of the EU. Reading this reference will help you understand some of the benefits of joining the EU. How would member states be affected if they decided to leave the union?
Non-monetary benefits of EU membership
Individual protection
1. Worker protection
As citizens may work across different Member States throughout their life, their social security rights must be protected by a common system. The EU has no say on the operationality of national social security systems but does ensure that other EU nationals and exportability of benefits are not discriminated
against.
EU laws have put in place minimum labour standards. For example, the EU established common norms for
the protection of workers with the Working Time Directive 2003/88/EC, including a maximum working
week of 48 hours, four weeks of annual paid leave, the entitlement to rest breaks during working hours as
well as rules on night work. Similarly, the European Framework Directive on Safety and Health at Work
89/391 EEC sets general principles related to minimum health and safety requirement and has been the
basis for other directives, setting minimum obligations for employees and employers (e.g. protection from
exposure to carcinogens at work).
2. Gender equality
Gender equality and the fight against gender-based discrimination have become values enshrined in
the Treaties. Although more progress is needed, EU regulation has made significant steps in the right
direction in the past decades. For example:
- Council Directive 79/7/EEC provisions the equal treatment between men and women in the field of social security, including in cases of invalidity, sickness, unemployment and old age.
- Council Directive 92/85/EEC provides measures on improving the health and safety of pregnant workers and workers who have recently given birth or are breastfeeding.
- Council Directive 2004/113/EC provisions the equal treatment of men and women in the access and supply of goods and services (e.g. costs related to pregnancy should not be considered in the calculation of insurance premiums).
- Directive 2006/54/EC ensures equal treatment in accessing employment, promotion and working conditions; and enshrines the principle of equal pay for equal work.
- Council Directive 2010/18/EU establishes a minimum period of parental leave of four months.
3. Consumer protection
EU legislation sets rights for consumers, standards for products and information, and processes to deal with risks. Given the crossborder nature of the economy, it is of utmost
importance that these rights and rules are
made unanimous across the EU, to avoid grey areas resulting from different national regulation. Examples of benefits arising from EU consumer protection include:
- Passengers on various modes of transport have rights when it comes to realtime information and compensation for cancellations and/or delay.
- Consumers may always return an online purchase within 14 days and be reimbursed.
- Citizens may not be charged roaming fees for calls, SMS and data when they are in other Member States.
Box 1. Food and product safety
EU-wide systems for information sharing, product
tracking and alert sending are crucial to ensure that dangerous food and products are recalled from the market.
- The Rapid Alert System for Food and Feed (RASFF) swiftly shares information concerning food safety risks and hazards to all countries.
- The Trade Control and Expert System is an EU programme that tracks all movements of plants, seeds, food and animals (including imported ones) across the Single Market, thus facilitating safety alerts.
- The Rapid Alert System for Non‑Food Products is notified about health hazards of products by users, and in turn shares the information.