This document discusses the importance of developing transversal competences and skills for jobs of the future in Europe. It notes that nearly one third of Europe's population aged 25-64 have low or no qualifications. It sets out a vision for 2020 where citizens have more and better skills through education and training systems that are more flexible and integrated with the world of work. Key ways to achieve this vision include massive and smart investment in skills development, bringing education and work closer together, developing the right mix of job-specific and transversal skills, and better anticipating future skills needs.