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Europe 2020 – Europe's growth strategy

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Annual Growth Survey 2014: A progress report

Member States have made progress on each of the five priorities identified by the Commission in 2013. The same priorities are proposed for 2014, although with different areas highlighted for attention to reflect the changing EU and international economic environment.
DOCUMENT. Annual Growth Survey 2014 pdf Choose translations of the previous link 
More information on the Annual Growth Survey

 

INTRO

This strategy builds on what has been achieved and the lessons learned, the goal being to boost growth and jobs. The first priority must be to hasten the exit from the crisis, but the strategy must also provide the building blocks for growth that will be sustainable in the future.

The strategy should ensure that Europe’s high quality of life, underpinned by its unique social model, is sustained and further enhanced. Employment, productivity and social cohesion should also be strengthened.

This page brings together links to progress reports on the Europe 2020 strategy and its targets, as well as background information and documents.

 

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Fast facts

Five EU targets for 2020

  • Employment: at least 75% of 20-64 year-olds employed
  • R&D/innovation: 3% of the EU’s GDP invested in R&D/innovation
  • Climate change/energy: greenhouse gas emissions 20% lower than in 1990 (or 30% if conditions are right); 20% of energy from renewable sources; 20% increase in energy efficiency
  • Education: reduce school drop-out rates to below 10%; at least 40% of 30-34-year-olds completing third level education
  • Poverty/social exclusion: at least 20 million fewer people in or at risk of poverty and social exclusion

They are translated into national targetspdf Choose translations of the previous link  and measured by eight indicators.

Our goal: EUROPE 2020 (smart, sustainable and inclusive growth)pdf

Seven flagship initiatives

  • Digital agenda for Europe: creating sustainable economic and social benefits from a digital single market based on fast, secure internet and interoperable applications.
  • Innovation Union: turning ideas into jobs, green growth and social progress with action to support innovation and innovative businesses
  • Youth on the move: mobility programmes offering young Europeans the opportunity to study, train, work or start a business in another EU country
  • Resource efficient Europe: supporting the shift towards a resource-efficient, low-carbon economy that offers opportunities for sustainable growth
  • An industrial policy for the globalisation era: maintaining and supporting a strong, diversified and competitive industrial base in Europe, offering well-paid jobs in a less carbon intensive economy
  • An agenda for new skills and jobs: concrete actions to improve flexibility and security in the job market, ensure people have the right skills for today’s jobs, improve the quality of jobs and the conditions for job creation
  • European platform against poverty: coordinating national actions by identifying best practices and promoting learning, establishing EU-wide rules and making funding available

The initiatives are meant to boost a smart, sustainable and inclusive growth.

Progress

  1. The Commission presents its annual growth survey
  2. The European Council sets economic policy priorities
  3. EU countries submit their medium-term budgetary and economic strategies
  4. The European Council and Commission provide country-specific policy advice on economic and budgetary policies

 

 

Overall progress

Background

Adoption of the strategy: 3 March 2010

Adoption of the flagship initiatives

Digital agenda for Europe: 19 May 2010

Youth on the Move: 15 September 2010

Innovation Union: 6 October 2010

An industrial policy for the globalisation era: 28 October 2010

An agenda for new skills and jobs: 23 November 2010

European platform against poverty: 16 December 2010

Resource-efficient Europe: 26 January 2011

 

CONTACTS

European Commission

Jobs, Growth and the Euro

  • Margaritis SCHINAS
    European Commission Chief Spokesperson
    Office: BERL 04/333
    Mobile: +32 (0)496 583 826
    Email
    Twitter: @MargSchinas

 Jobs, Growth and Investment

  • Annika BREIDTHARDT
    Spokesperson (as of 1 December 2014)
    Office: BERL 03/330
    Email
 

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