"Europe 2020" is the successor to the Lisbon agenda. What went wrong with the Lisbon agenda was that European countries did not acknowledge and achieve their benchmarks on certain aspects of policy. Before the shadow Foreign Secretary finishes the economic section of his speech, will he say whether he agrees that, as we focus on the new European Council, it is extremely important that there should be credible benchmarks? There has to be a proper understanding from European countries that those benchmarks are not pie in the sky; rather, they actually have to meet them if Europe is to become truly competitive.
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