21 Nevertheless, meeting the challenges of technological progress and ensuring the labour force’s employability and flexibility, requires that human capital is continuously adjusted to labour market needs through improved education and training as well as lifelong learning. In 2005, the US annual expenditure on higher education institutions per student was 22,234 USD, while in the euro area only about 9,200 USD was spent.
EDIS would significantly contribute to all these goals by ensuring a uniform protection of depositors across Member States, reducing the likelihood of bank runs 2/3  BIS central bankers' speeches  through a confidence enhancing mechanism, and thus avoiding potential vicious spirals that aggravate negative shocks in individual Member States. Capital Markets Union Creating a genuine capital markets union is a second major priority.