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Archive: The Lisbon-Strategy (2000-2010)

The EU’s framework for economic policy coordination ended in autumn 2010 and was replaced by "Europe 2020"

At the Spring European Council in Lisbon in the year 2000 the EU Heads of State or government agreed on the goal of making the EU "the most competitive and dynamic knowledge-based economy in the world, capable of sustainable economic growth with more and better jobs and greater social cohesion" by 2010.

From the year 2000 onward, the Lisbon strategy therefore served as the EU’s framework for economic policy coordination. But progress made under the Lisbon strategy lagged behind expectations in the first five years. In the course of the mid-term review in 2005, efforts were made to simplify and re-orient the strategy by focusing on the objectives for growth and jobs. Four focus areas were defined which should guide political reforms in the Member States: (i) Investing more in knowledge and innovation, (ii) unlocking business potential, especially of SMEs, (iii) increasing employment opportunities for priority categories and (iv) energy policy for Europe. The second policy cycle of the Lisbon Strategy ended in autumn 2010 and was replaced by Europe 2020.