Anna Kyriazi

The EU has traditionally influenced the social and employment policies of Member States through regulation, leaving redistribution to national welfare states. The latter have, however, been gradually weakened by global socioeconomic change and by the expansion of EU market integration. A series of crises over the last 15 years made a bad situation worse: the longue durée erosion of the capacity of European welfare states has morphed into acute social aftershocks, especially in peripheral countries. After the austerity reflex in the early 2010s, the EU introduced new policy instruments with market‐correcting rationales that go beyond the regulatory approach. This article revisits the creation and functioning of four of these instruments that represent EU‐level capacity‐building in the social policy domain: the European Globalisation Adjustment Fund, the Youth Guarantee, the Just Transition Fund and SURE (the temporary Support to mitigate Unemployment Risks in an Emergency). We argue that the EU increasingly provides ‘buffer mechanisms’ to support stressed national welfare states in tasks they would otherwise be unable to accomplish, and we identify the political factors that drive the expansion of this ‘buffering’ logic in EU social policy.