Christa Randzio-Plath a three-year period last summer. They are the basis on which the member states prepare their National Reform Programmes. Actions and policies are still too vague and broad, but reporting and the range of actions have been rightly reduced.  A better focus on growth and jobs: the new guidelines and the large majority of the National Reform Programmes reflect a strong focus on selected key actions to promote growth and jobs.  Three dimensions of NRPs: the National Reform Programmes consist of three parts covering macroeconomic, microeconomic and employment policies. Macroeconomic issues mainly concern public finances, price developments, overall unemployment, and for the countries of the euro area and countries wanting to join, the respective stability and convergence indicators. Naturally, employment policies deal with all issues related to the labour market, including wage formation, pensions and related social issues. Microeconomic policies deal with the structural reforms necessary to enhance the overall growth potential and competitiveness of the economy in the medium and long term.  Implementation: member states have already started putting into practice their programmes. In autumn 2006, they will issue national reports on progress made with implementation. The Commission will then assess the overall situation in its Annual Progress Report in preparation for the spring summit in 2007.  Key areas for action: the Commission itself identified four key areas for action which would deserve priority this year and the following one: know­ledge and innovation; unlocking business potential, including promoting SMEs; response to globalisation and ageing; and common EU energy policy and efficient energy market. These priority action areas will contribute to a successful implementation process. The spring summit 2006 has emphasised the need for more efforts. Only two objectives may certainly be achieved by 2010: a higher employment rate also for women(as foreseen) and an investment into research and deve­lopment by 2.6% to 2.7% of GDP(3% foreseen, 1% public investment and 2% private investment). 44