Demand-side impulses in the crisis yes, but then again eager supply-side structural reforms. That is the credo of the Commission, which has now accepted the updated country-specific reports and recommendations on the basis of the Lisbon Strategy. Hence, the European economic support programme and the national measures must therefore in the medium term be in accordance with the Lisbon targets.
Commission President Jose Manuel Barroso emphasizes that the economic stimulus package of € 200 billion, which had been proposed by the Commission - a conglomeration of national measures and loans by the European Investment Bank - in the fight against the financial crisis would be necessary and sensible in the short term. In the medium term, however, the Lisbon Strategy and reinforced structural reforms should once again determine the “fitness plan” for Europe.

The declared objective of the Lisbon Strategy to make Europe the “most competitive and dynamic knowledge-driven economy by 2010” - a formulation, which has been repeatedly criticized by AK - shall now remain upheld and unchallenged at any price, even if experts have long pointed out that the achievement of this goal is not very realistic. This objective, which had been a major determining factor of economic policies in Europe during the last decade, has led in many cases to market openings, deregulations and to an ideology of competition at any social price.

Concerning the country-specific recommendations for Austria, the Commission suggests a better integration and further training facilities for older employees as well as decisive measures to combat youth unemployment.

For further information:

Press release on the recommendations according to the Lisbon Strategy

Recommendation from the European Commission