The aim of the EUROPE 2020 strategy is to turn the EU into a smart, sustainable and inclusive economy, delivering high levels of employment, productivity and social cohesion. EUROPE 2020 puts forward three mutually reinforcing priorities: Smart, sustainable and inclusive growth.
To this end, the Commission proposes the following EU headline targets:
– 75% of the population aged 20-64 should be employed;
– 3% of the EU's GDP should be invested in R&D;
– The "20/20/20"* climate/energy targets should be met (including an increase to 30% of emissions reduction if the conditions are right);
– The share of early school leavers should be below 10%, and at least 40% of the younger generation should have a tertiary degree.
– 20 million less people should be at risk of poverty.
(* greenhouse gas emissions 20% (or even 30%, if the conditions are right) lower than 1990; 20% of energy from renewables; 20% increase in energy efficiency)
The EU’s Heads of State and Government discussed the strategy at their meeting in March 2010 and agreed on its essential points. The strategy was officially approved at their meeting in June 2010.