This document discusses the need for global cooperation on issues that affect Europe and global problems. It argues that Europe's problems require global solutions and global challenges impact Europe. The EU has tools to address five key 2020 challenges: the world economy, sustainability, peace and security, governance and democracy, and reducing poverty and inequality. However, the EU needs integrated approaches, policy coherence, and collective external action between its institutions and member states. If the EU provides leadership on issues like climate change, conflict, and development, it can help tackle important global issues through 2020.