Europe’s growth strategy : growing to a sustainable and job-rich future
Much like most other regions across the world, Europe is going through a period of transformation. The global economic crisis has wiped out years of economic and social progress and exposed structural weaknesses in its economy. Meanwhile, various long-term challenges such as globalisation, pressure on natural resources and an ageing population are intensifying. If we are to adapt to this changing reality, Europe can no longer rely on ‘business as usual’. The structural weaknesses in Europe’s economy exposed by the crisis can only be addressed by moving ahead with structural reforms: reforms... that are based on national efforts, but build on European assets such as the single market, the common trade policy and other European Union-level policies. If we want to sustain the model of the European social market economy in the current challenging climate, then Europe will also need to be more competitive. In order to tackle these issues, in 2010 the EU and its Member States launched a strategy for sustainable growth for the coming decade: the Europe 2020 strategy. The strategy deals both with short-term challenges linked to the crisis and with the need for structural reforms through growth-enhancing measures needed to make Europe’s economy fit for the future. This publication is part of a series that explains what the EU does in different policy areas, why the EU is involved and what the results are.
- Corporate author(s): Directorate-General for Communication (European Commission) Themes: Economic policy — Economic and monetary union , Activities of the institutions and bodies , Commercial policy , Development policy
- Subject: common strategy , competitiveness , development plan , development policy , economic development , economic growth , EU growth strategy , Europe , European cooperation , public awareness campaign , sustainable development
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