Broad Economic Policy Guidelines and enhanced economic governance (including the governance of the euro) in the context of the Europe 2020 Strategy

The Council held an exchange of views on a draft recommendation on broad guidelines for the economic policies of the EU and the Member States, aimed at implementing the EU's new "Europe 2020" strategy for jobs and growth.

The draft recommendation, together with a draft decision on guidelines for the employment policies of the Member States, form integrated guidelines setting a framework for structural reforms to be carried out by the Member States.

On 8 June 2010, the Council is expected to adopt a report which will be submitted to the European Council meeting on 17 June for endorsement. It will then formally adopt the recommendation at its subsequent meeting on 13 July.

The European Council is expected to agree on the Europe 2020 strategy on 17 June, upgrading and replacing the current strategy for jobs and growth, launched in Lisbon in March 2000. The new strategy will involve the enhanced coordination of economic policies, focusing on key areas where action is needed to boost Europe's potential for sustainable and inclusive growth and competitiveness.