Lisbon Growth and Jobs Strategy is working, but EU must reform further to succeed in a globalised age 13-12-2007 Three years after it was relaunched in 2005, the Lisbon Growth and Jobs
Strategy is working. That is the main conclusion of the Commission's Strategic
Report on economic reform across Europe, published today. The report
demonstrates that the Lisbon Strategy is contributing to the recent much
improved performance of the EU economy.
Structural reforms are also starting to raise potential future growth,
improving the long-term prospects for prosperity. However, some Member States
have responded more robustly than others and some signs of "reform fatigue"
have become apparent over the last twelve months. Europe will need to press
ahead with further economic reforms at both Community and national level in the
next cycle of the Lisbon Strategy to help it weather the impacts of global
financial turmoil and higher commodity prices. The report sets out a series of
new policy initiatives to respond to this challenge and to reinforce Europe's
efforts to shape and respond to globalization. It will be submitted to the
Spring European Council in March 2008.
Source:
European
Commission
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