Anna Diamantopoulou, President of DIKTIO, former minister in Greece and former EU Commissioner for Employment, Social Affairs and Equal Opportunities, engages in a talk with David Rinaldi, FEPS Director of Studies and Policy, to reflect on the ongoing and upcoming societal transformations that require innovation and ambition on welfare policy. The exchange looks at the contribution of the Commission’s ‘High-Level Group on the Future of Social Protection in the EU and of the Welfare State in the EU Members’ which President Diamantopoulou chaired. What are the implications of moving towards a life-course perspective? What are the political lines around care and family policy that will shape the future of this policy field? How to finance welfare if stagflation endures?