In order to achieve such a strategic goal the Lisbon agenda has brought together the different strands of reform policies on product, labour and capital markets aiming at promoting a more efficient allocation of resources and at higher growth potential.
Moreover, in order to facilitate monitoring of progress with reforms, quantitative targets have been fixed to measure progress in particular on the labour market in achieving for instance higher participation and employment rates. The Lisbon agenda was excellent in terms of diagnosis. Until now it has however not been given a sufficiently powerful implementation.