ABSTRACT
As the European economies have staggered from crash to crisis and the governance of its single currency has seemed to unravel, another ambitious programme is announced, namely Europe 2020. The President of the European Commission (EC), José Manuel Barrosa stated:
The crisis is a wake-up call, the moment where we recognise that ‘business as usual’ would consign us to a gradual decline, to the second rank of the new global order. This is Europe’s moment of truth. It is the time to be bold and ambitious.
(EC 2010a: 2)