Talk:Lisbon Strategy

Review by Job Dronkers (January 2013)

The Lisbon Strategy has not fulfilled its promise: making the European Union the most competitive economy in the world and achieving full employment by 2010.

Europe 2020

A new strategy was presented by the European Commission in 2010, for facing the economic crisis and to boost growth and jobs: the Europe 2020 strategy. It is based on 3 pillars and 7 so-called flagship initiatives:

• pillar “Smart Growth”, with the flagship initiatives “Digital agenda for Europe”, “Innovation Union” and “Youth on the move”;
• pillar “Sustainable Growth”, with the flagship initiatives “Resource Efficient Europe” and “An industrial policy for the globalisation era”;
• pillar “Inclusive Growth”, with the flagship initiatives “An agenda for new skills and jobs” and “European platform against poverty”.

To ensure that the Europe 2020 strategy delivers, a strong and effective system of economic governance has been set up to coordinate policy actions between the EU and national levels:

• A reinforced economic agenda, based on the Euro Plus Pact, the Stability and Growth Pact and the European semester, to discuss economic and budgetary priorities at the same time every year and to address macro-economic imbalances;
• Action to safeguard the stability of the euro area, based on the permanent European Stability Mechanism (ESM);
• Action to repair the financial sector.

For more details see the Europe 2020 website.