Brussels: AI should be accompanied by appropriate investment in skills, education and reskilling, Minister of Finance, Makis Keravnos said, who chaired the macroeconomic dialogue meeting with social partners on Monday in Brussels.
According to Cyprus News Agency, the Council Presidency, the European Central Bank, the European Commission and the President of the Eurogroup met with European social partners on 9 March 2026 to discuss recent developments of the economic situation, as well as a thematic topic chosen by the Cyprus Presidency: 'Artificial Intelligence and the Future of the EU labour market: Safeguarding EU Competitiveness and Social Cohesion'.
In a statement, Keravnos noted that ongoing geopolitical tensions are testing resilience, and while the economic outlook has been improving, there are still uncertainties that require caution. Regarding the discussion on Artificial Intelligence and the future of work in the EU, he emphasized that AI has the potential to enhance productivity and competitiveness. However, it also presents challenges in the labour market and societal cohesion. Therefore, AI adoption should be matched with investment in skills, education, and reskilling.
The Minister of Finance highlighted that collaboration among governments, institutions, and social partners is crucial to ensure the digital transformation bolsters both economic growth and social cohesion.
Commissioner for Economy and Productivity, Valdis Dombrovskis, stated that AI can enhance productivity and improve working conditions. The EU is supporting its adoption inclusively and responsibly through initiatives like the targeted changes proposed by the Commission in the Digital Omnibus.
Eurogroup President, Kyriakos Pierrakakis, mentioned that AI is transforming society's foundations. He noted the importance of seizing this opportunity, especially as Europe faces demographic challenges and slower growth. AI can boost the European economy's productivity, and investing in lifelong learning, upskilling, and reskilling is essential. Europe must focus on its long-term growth strategy, with AI acting as a lever to enhance competitiveness.
The General Secretary of the European Trade Union Confederation (ETUC), Esther Lynch, remarked that technology does not displace workers but employers do. She emphasized that AI should be integrated into workplaces through negotiation, ensuring better wages, strong worker protections, and quality jobs, adhering to the human-in-control principle.
Director General of BusinessEurope, Markus Beyrer, expressed that AI can strengthen productivity and support quality job development if the EU allows European companies the space to invest and innovate responsibly.