HM Treasury

International issues

European economic reform

At the Lisbon European Council in March 2000, Europe's leaders committed themselves to an ambitious ten-year strategy for economic reform. The vision agreed at Lisbon was to make the European Union "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".

As part of the Lisbon Strategy surveillance process the UK reports on reform measures taken in line with the Integrated Guidelines that set out the European Council's priorites for jobs and growth. The latest report - the 2009 National Reform Programme, can be found below.

The European Commission has recently outlined its emerging ideas for a new 'EU2020' strategy to replace the Lisbon Strategy. The Government welcomes the launching of a public debate on the policies needed to enable the EU to make a full recovery from the crisis and lay the foundation for long-term growth.

The Government has outlined its ideas for a new European Compact for Jobs and Growth, to provide the framework for securing Europe's recovery and delivering strong, sustainable and balanced growth.

The paper argues that Europe should focus on six areas where action is needed:

The Compact should be between the President of the Commission and the President of the European Council that would serve as a framework for harnessing Europe’s policies, such as those set out in the paper and the Commission’s EU 2020 proposals, to deliver jobs and growth.

The Government also set out its priorities for the Single Market Review in 'The Single Market: A vision for the 21st century'.

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Related documents and ministerial statements

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