The document discusses the Lisbon Strategy for Growth and Jobs and its evolution over time. It outlines the key priorities and targets set in 2005, including 3% R&D spending and 70% employment rate. Concrete actions were agreed in 2006 in four priority areas: R&D and innovation, business environment, skills, and energy policy. By 2007 progress was being made but more was needed in some countries. The strategy would be reinforced with a new cycle of country-specific recommendations and integrated guidelines to ensure implementation of outstanding reforms. In December 2007, the Commission will deliver an integrated package consisting of strategic reports, country assessments, recommendations and guidelines to guide the 2008-2010 period.