The COVID-19 pandemic, the war in Ukraine, rising inflation, increasing public debt and the rising cost of living highlight once again the need for the European Union to adapt to these realities. Therefore, the article aims to bring to light a series of problems of the EU27 countries, and through their prism to identify a series of necessary institutional reforms that will contribute to reducing the socioeconomic vulnerabilities of the EU population. A series of aspects that appeared during the pandemic and that worked well on the labour market, for example remote work, will continue to discuss the optimal way to continue the activity on the labour market in the future. In this sense, we may conclude that there is a need for the multifaceted reforms, and the fiscal-budgetary reforms are necessary, but they alone cannot improve the future social and economic course of the EU27 population.