Citizens of the EU suffer from their low level of financial and legal literacy, which profoundly affects both the individual well-being and the economy of the member states and the EU as a whole. EU loses substantial financial and investment opportunities due to the low financial and legal literacy of its citizens. The differences in financial and legal literacy vary largely in different EU countries and contributes to the fragmentation and economic disparities among the member states. Low financial and legal literacy of the EU citizens makes them more vulnerable to the fluctuations of the economy and crisis situations, which also affects the capacity of the EU to overcome such economic disturbances. This is particularly true regarding the current crisis triggered by the COVID-19 pandemic.
Fundamental divergences of financial and legal literacy in different EU countries prove that there is a fundamental need to levy the barriers and ensure the access for all EU citizens to the best European practices of financial and legal education. Five partner organizations participate in the project. The participating partners cover the spectrum of competences, needed to the successful implementation of the project. All project partners will contribute with their respective know-how and competencies. They will perform the research activities, necessary to create the Manual, based on the best European financial and legal literacy training and learning practices. They will create e-learning tool, based on the results of the aforementioned research and feedback from adult learners. Project participants will implement workshops for both trainers and learners of the finacial-legal literacy and ensure the dissemination of the results of the project.
As a result of the project the participating trainers will be availed to use the Manual and the Online E-learning Tool in the training of financial-legal literacy to the adults, with a particular focus on the socially and economically disadvantaged learners. Adult learners directly participating in the project will improve their financial-legal literacy skills. The created tools will be freely available for all Europeans via the project website and other partner websites and internet media. The project will contribute strongly to the overall development of the integrated
European approach towards the financial and legal literacy education of its citizens.
During the realization of the project activities following results are expected:
APPLICANT AND COORDINATOR:
EURL ARISTOTE SIRET,
1. VsI Finansu teises institutas Lithuania
2. Organisation for Empowerment and Non-formal education, (an association, Le Moule, Guadeloupe, France),
3. European Multicultural Association, Bulgaria
4. Euroform RFS Italy