This book is the report of a high-level group commissioned by the President of the European Commission to review the EU economic system and propose a blueprint for an economic system capable of delivering faster growth along with stability and cohesion. It assesses the EU's economic performance, and more.

A system built around the assimilation of existing technologies, mass production generating economics of scale, and an industrial structure dominated by large firms with stable markets and long term employment patterns no longer delivers in the world of today, characterized by economic globalization and strong external competition. What is needed now is more opportunity for new entrants, greater mobility of employees within and across firms, more retraining, greater reliance on market financing, and higher investment in both R&D and higher education. This requires a massive and urgent change in economic policies in Europe.

1. Overview
2. Conceptual framework
PART I - ASSESSMENT
3. Policy implementation
4. Economic performance: growth, stability and cohesion
5. Economic trade-offs
6. Economic governance in the EU
PART II - CHALLENGES
7. Is the European model sustainable?
8. Making a bigger Europe work
9. Europe and the world
PART III - RECOMMENDATIONS
10. Principles
11. Policies for promoting growth
12. Modes of delivery: governance methods and the budget