The Review of the Europe 2020 Strategy: From Austerity to Prosperity?

CEPS Policy Brief No. 322

13 Pages Posted: 28 Oct 2014

See all articles by Andrea Renda

Andrea Renda

Centre for European Policy Studies (CEPS); College of Europe

Date Written: October 27, 2014


The future of Europe 2020 lies in its ability to become the protagonist of a new season in EU policy, in which countries can apply for more flexibility only if they can prove both structural reform and good governance, argues the author. By establishing a ‘new deal’ among member states, an improved Europe 2020 strategy can help Europe to complete its transition from austerity to prosperity.

This Policy Brief makes the case for approaching the mid-term review of Europe 2020 on three different levels: i) the revision and update of the content of the Europe 2020 strategy, including its objectives, targets and major flagship initiatives; ii) the reform of the governance of the strategy; and iii) the repositioning of the strategy at the core of EU policy.

The content of the strategy should be revised to include initiatives on infrastructure, the internal market and administrative capacity at all levels of government. The author sets out a number of policy recommendations for the European Commission and the member states to help realise these objectives.

Keywords: Europe 2020, EU policy, Europe 2020 strategy

Suggested Citation

Renda, Andrea, The Review of the Europe 2020 Strategy: From Austerity to Prosperity? (October 27, 2014). CEPS Policy Brief No. 322, Available at SSRN:

Andrea Renda (Contact Author)

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
Brussels, 1000


College of Europe ( email )

Dijver 11
B-8000 Brugge, Oost Vlanderen 10000

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