Europe 2020

The Bulgarian prime minister Borisov was quite happy when the EU and the ECB decided to support Greece. (the tanned guy on the left in the background). This is due to the fact that 30% of the banking sector in Bulgaria belongs to Greece.

Today the EU leaders also agreed to cooperate more on economic policy with the Europe 2020 plan. Three quantitative targets were set: increasing employment, boosting research and development spending as well as "meeting the EU's environmental commitments". Despite the Europe 20/20/20 being quite a modest commitment, it is actually a complicated process to coordinate all member states' efforts in this direction. With the "national reform programmes"the EU-states should describe their plan to address those issues and guarantee economic growth.