Glossary:EU 2020 Strategy

The EU 2020 Strategy is a new strategy for the European Union to develop as a smarter, knowledge-based, greener economy, growing fast and sustainably, creating high levels of employment and social progress. It is being designed as the successor to the current Lisbon Strategy, which has been the reform strategy for the EU for the 2000-2010 decade.

As in the Lisbon process, a set of structural indicators for monitoring the progress made in achieving the objectives of the EU 2020 strategy will be used. Eurostat will compile these indicators which will be used within the annual monitoring exercise.

The current draft of EU 2020 defines as main objectives:

  • creating value by basing growth on knowledge;
  • empowering people in inclusive societies
  • creating a competitive, connected and greener economy.

These goals will be reflected in the set of indicators, which will be selected and structured to illustrate the achievements in these areas. The set will also contain some basic data on the overall economic performance of the EU. For several of the indicators, target values will be determined in line with policy objectives. For the Lisbon strategy targets were only used in a very limited number of cases.

EU 2020 also puts emphasis on comparing EU performance internationally. The current list of non-EU countries will thus be further extended to include additional countries, such as Brazil, Russia, India and China (BRIC), if data are available.

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