Enabling sustainable growth through the implementation of EU 2020 strategy-is it viable?

• Main Authors: Violeta MADZOVA, Nehat RAMADANI, Jasminka VARNALIEVA
• Format: Article
• Language: English
• Published: Geo-SEE Institute 2015-12-01
• Series: Micro, Macro & Mezzo Geoinformation
• Subjects: economic growth; unemployment; poverty reduction; research& development
• Online Access: http://mmm-gi.geo-see.org/wp-content/uploads/MMM-GI_5/Madzova_V-Ramadani_N-Varnalieva_J.pdf

The Europe 2020 strategy, adopted by the European Council in June 2010, aims at establishing a smart, sustainable and inclusive economy with high levels of employment, productivity and social cohesion. The key objectives of the strategy are expressed in the form of five ambitious targets in the areas of employment, research & development (R&D), climate change & energy, education and poverty reduction, to be reached by 2020. However, being on the half-way to the targeted period, many European countries, very likely will not be able to meet this benchmark in 2020. The paper analyses the main weakness of the EU 2020 Strategy, trying to suggest the main points of intervention, in other to get countries closer to targeted criteria and find the way out from the debt crisis.