Europe 2020: A strategy for smart, sustainable and inclusive growth

2010-05-02

Over the last two years, we have faced the world's worst economic crisis since the 1930s. This crisis has reversed much of the progress achieved in Europe since 2000. We are now facing high levels of unemployment, sluggish structural growth and excessive levels of debt. The economic situation is improving, but the recovery is still fragile. At the same time, the world is moving fast and long-term challenges

Europe can succeed if it acts collectively, as a Union. The Europe 2020 strategy put forward by the Commission sets out a vision of Europe's social market economy for the 21st century. It shows how the EU can come out stronger from the crisis and how it can be turned into a smart, sustainable and inclusive economy delivering high levels of employment, productivity and social cohesion. To deliver rapid and lasting results, stronger economic governance will be required.

Following the Commission's communication "Europe 2020: a strategy for smart, sustainable and inclusive growth"  and the discussions held in the Council, on the 25-26 March 2010, the European Council reached an agreement on the new strategy, which will be formally adopted in June.