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On 26 March 2010, the European Council agreed to the European Commission's proposal to
launch a new strategy for jobs and growth, Europe 20201, based on enhanced coordination of economic policies, which will focus on the key areas where action is needed to boost
Europe’s potential for sustainable growth and competitiveness. To that end, the European
Council agreed to set EU headline targets, which constitute shared objectives guiding action
of the Member states and of the Union. In the light of these targets, Member States [have set]
their national targets. For its part, at EU level, the Commission will work to implement the
strategy, notably through its seven ‘flagship initiatives’, which have been announced in the
Europe 2020 Communication.