THE EUROPE 2020 STRATEGY THE EUROPE 2020 STRATEGY CAN IT MAINTAIN THE EU’S COMPETITIVENESS IN THE WORLD? DANIEL GROS AND FELIX ROTH CENTRE FOR EUROPEAN POLICY STUDIES (CEPS) BRUSSELS The Centre for European Policy Studies (CEPS) is an independent policy research institute based in Brussels. Its mission is to produce sound policy research leading to constructive solutions to the challenges facing Europe. The views expressed in this book are entirely those of the authors and should not be attributed to CEPS or any other institution with which they are associated. Daniel Gros is Director of CEPS and Felix Roth is Research Fellow at CEPS. This study has been made possible by a grant from the Austrian Federal Chancellery. We are grateful to Laura Felfelli, Lin Li and Raf van Gestel for valuable research assistance. Unless otherwise indicated, the views expressed in this report are attributable only to the authors in a personal capacity and not to any institution with which they are associated. ISBN 978-94-6138-124-8 © Copyright 2012, Centre for European Policy Studies and the authors. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means – electronic, mechanical, photocopying, recording or otherwise – without the prior permission of the Centre for European Policy Studies. Centre for European Policy Studies Place du Congrès 1, B-1000 Brussels Tel: (32.2) 229.39.11 Fax: (32.2) 219.41.51 E-mail:
[email protected] Internet: www.ceps.eu CONTENTS Prologue............................................................................................................... i Introduction........................................................................................................ 1 1.