Okay, imagine you and your friends are playing a game where you all have to share your toys. Sometimes, some friends have more toys than others and it can be hard to make things feel fair.
Now imagine you're all part of a bigger group of friends who love to play together. These friends are from different families and sometimes they have more or fewer toys depending on where they come from.
To make things fair, your group of friends decides to make some rules. They create a treaty, which is like a special agreement or promise that everyone agrees to follow. This treaty says that everyone will share their toys equally and no one will be left out or treated unfairly based on where they come from or how many toys they have.
Well, the Valletta Treaty is a lot like that game your friends played! Instead of toys, though, it's all about money and how European countries share their wealth.
The Valletta Treaty is a special agreement made by countries that are part of the European Union. It was created to help make sure that all countries in the EU have enough money to take care of their people, no matter how rich or poor they are.
It works like this: all the countries in the EU agree to give money to a special fund called the "EU Solidarity Fund". This money is then used to help out any countries in the EU that might be struggling with things like natural disasters (like earthquakes or floods) or other problems.
The Valletta Treaty is really important because it helps make sure that everyone is treated fairly and that everyone has enough money to take care of their people. So just like your friends all agreeing to share their toys equally, countries in the EU make a promise to help each other out when they need it most.