Daily Archives: February 27, 2007

The March economic summit is upon us, and as every year my in-tray is being flooded with reports examining the EU’s progress towards meeting the dreaded Lisbon Agenda targets.

The Lisbon Agenda – for those who believe that life is too short – was an ambitious package of reforms and targets agreed by EU leaders in the Portuguese capital seven years ago. In what was perhaps the most strikingly overblown claim in recent EU history, the heads of government said at the time that the Agenda would transform the Union into the "most competitive knowledge-based economy in the world by 2010".

Well, it clearly is not going to do that – and the European Commission acknowledged as much when it quietly dropped the target date a couple of years ago.

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