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Strategy for Europe 2020

The strategy at a glance

Image Strategy for Europe 2020
Priorities, objectives and initiatives of the Strategy for Europe 2010

For an economical and social Europe

In order to meet the future challenges in Europe and the world, the EU pursues strategies in the areas of economics, social affairs and sustainability: in the field of sustainability, this is known as the Göteborg strategy; in the fields of economics and social affairs, this is the Strategy for Europe 2020.

Successor to the Lisbon Strategy

The strategies always cover a time-span of ten years. "Europe 2020" is the successor to the Lisbon Strategy (2000 - 2010), and was passed by the EU Commission in March 2010. It sketches a vision of the European Market Economy in the 21st century.

Three priorities

The Europe 2020 strategy covers three priorities:

  • Innovative growth
    Development of an economy based on knowledge and innovation
  • Sustainable growth
    Promotion of a resource-saving, ecological and competitive economy
  • Integrative growth
    Generation of a high level of employment, and social and territorial cohesion

Five key objectives

From these three priorities, five key objectives are derived, and these are pursued by the EU strategy:

  • The employment rate for 20 to 64-year-olds should increase from its current level of 69% to 75%.
  • 3% of the GDP should be invested in research and development. The figure is currently considerably less than 2%.
  • The climate protection objective 20/20/20 must be achieved:
    Reduction of greenhouse gas emissions by min. 20%, increasing the proportion of renewable energies to 20%, increasing energy efficiency by 20%.
  • The school dropout rate should be reduced from its current level of 15% to a maximum of 10%, and the proportion of university graduates in the age range 31-34 years should be increased from 31% to at least 40%.
  • The number of Europeans living below the poverty line should be reduced by 25%, i.e.: 20 million people should be freed from poverty.

For the implementation of this, seven key initiatives have been developed (see right).