EU's Mediterranean Pact Shifts Focus to Human Capital Investment for Regional Stability
The European Union's Pact for the Mediterranean is undergoing a critical re-evaluation, moving beyond mere project announcements to prioritize investment in human capital. This shift was a central theme at the Euromed Summit in Lisbon, where representatives from economic and social councils, employers, trade unions, and youth organizations emphasized that economic cooperation must be intrinsically linked to human development. The core issue is the paradox in the Mediterranean region: businesses require new skills for green and digital transitions, yet many young people struggle to find decent employment. Women, in particular, face additional barriers. The consensus is that training programs must directly lead to quality jobs, offering fair conditions and opportunities for career progression. Education and vocational training need to align with employer demands, and apprenticeship systems must improve. The Pact aims to ensure that investment, skills development, and quality job creation are integrated compo...