We have come a long way since I was a minister for family affairs and had to fight to introduce parental pay or access to childcare for families. But the fight for fairness never stops. It is still too difficult for hard working families to make ends meet in Europe. I want to ensure that work pays. In a Social Market Economy, every person that is working full time should earn a minimum wage that pays for a decent living. Therefore we will develop a framework, of course in respect of the different labour markets. But I think the optimal option is to have collective bargaining by employers’ unions and trade unions because they tailor the minimum wage to the sector or to the region necessary. Of course I am aware there are different models, but we have to create the framework. And I want better protection for those who lose their jobs when our economy takes a severe hit. A European Unemployment Benefit Reinsurance Scheme will support our economies and our people in times of external shocks. Of course there are national unemployment insurances but a reinsurance scheme for these heavy external shocks is needed in Europe.