EC laments poor economic reform

The European Comission has indicated that a number of European countries are failing on employment targets and reforms set out in 2000.

The so-called “Lisbon Agenda” seeks to create economic reform to aid employment and economic growth. However, only a handful of countries have already implemented the initial recommendations. Other countries have begun the process, but in a manner labelled as “too slow” by the EC.

The aims were to create an aggressive economy for 2010, and additional recommendations will be made next week. However, commentators feel that the entire Lisbon Agenda may be quietly shelved in the face of poor development of agreed targets and policies.

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