EUROPE 2020

Smart, sustainable, and inclusive growth

2012 regionext.wordpress.com

Europe 2020
Based on: COMMUNICATION FROM THE COMMISSION 03.03.2010

Main topics concerned: 1. Employment 2. R&D 3. Climate and Energy 4. Education 5. Fight against poverty

Main goal
EU 2020 strategy aims to turn the EU into a smart, sustainable and inclusive economy delivering high levels of employment, productivity and social cohesion.

Europes structural weaknesses

Demographic ageing Low rate of employment Low level of investments in R&D Interlinked economies Global finance needs fixing Climate and resource challenges

Three scenarios for Europe by 2020

Sustainable recovery: Europe is able tomake a full return to earlier growth pathand raise its potential to go beyond Sluggish recovery: Europe will have suffered a permanent loss in wealth and start growing again from this eroded basis Lost decade:Europe will have suffered a permanent loss in wealth and potential for future growth

Headline Targets
The employment rate of the population aged 20-64 should increase from the current 69% to at least 75% The EU has a target of investing 3% of GDP in R&D. Reduce greenhouse gas emissions by at least 20% compared to 1990 levels or by 30%, if the conditions are right A target on educational attainment which tackles the problem of early school leavers by reducing the drop out rate to 10% from the current 15%, whilst increasing the share of the population aged 30-34 having completed tertiary education from 31% to at least 40% in 2020 The number of Europeans living below the national poverty lines should be reduced by 25%, lifting over 20 million people out of poverty

Priorities
1. Smart growth developing an economy based on knowledge and innovation 2. Sustainable growth promoting a more resource efficient, greener and more competitive economy. 3. Inclusive growth fostering a highemployment economy delivering economic,social and territorial cohesion.

Flagship initiatives
"Innovation Union" "Youth on the move "A digital agenda for Europe "Resource efficient Europe "An industrial policy for the globalisation era "An agenda for new skills and jobs European platform against poverty"

Innovation Union
Aims to improve framework conditions and access to finance for research and innovation so as to ensure that innovative ideas can be turned into products and services that create growth and jobs.

"Youth on the move"

Aims to enhance the performance of education systems and to facilitate the entry of young people to the labour market

"A digital agenda for Europe"

Aims to speed up the roll-out of highspeed internet and reap the benefits of a digital single market for households and firms.

"Resource efficient Europe"

Aims to help decouple economic growth from the use of resources, support the shift towards a low carbon economy, increase the use of renewable energy sources, modernise our transport sector and promote energy efficiency.

"An industrial policy for the globalisation era"

Aims to improve the business environment, notably for SMEs, and to support the development of a strong and sustainable industrial base able to compete globally.

"An agenda for new skills and jobs"

Aims to modernise labour markets and empower people by developing their of skills throughout the lifecycle with a view to increase labour participation and better match labour supply and demand, including through labour mobility.

"European platform against poverty"

Aims to ensure social and territorial cohesion such that the benefits of growth and jobs are widely shared and people experiencing poverty and social exclusion are enabled to live in dignity and take an active part in society.

Implementation levels
Europe 2020 strategy Integrated guidelines Country reports stability or convergence programmes and streamlined reform programmes have to be submitted simultaneously

Overview