This abstract summarizes the fifth report on Industrial Relations in Europe. It aims to increase the visibility of European social dialogue, describe and raise awareness of developments in European industrial relations, and initiate related discussion through its analytical chapters. This executive summary addresses the main trends in industrial relations in the European Union, European social dialogue and EU labour law as well as the contribution of quality industrial relations to the Lisbon Strategy and wage setting and minimum wages in the European Monetary Union. The full report is available both in printed format and on CD-Rom. This publication is available in electronic format in all other EU official languages.