The Lisbon Strategy: What is Wrong? going towards a new information economy, which leads us surely to another society: the knowledge-based society. This situation requires structural changes and these structural changes call for structural initiatives. So it is crystal clear that various reforms have to be implemented. On the other hand, however, we have seen that the present economic situation of Europe has positive and negative aspects. Nevertheless, it seems that only the black scenario is used to sell the Lisbon Strategy to the public. It considers that Europe had only disadvantages in comparison with the US. This is, in my opinion, simply not true. This permanently black description of the present economic situation of Europe has a negative effect. It intensifies the neurasthenic character of public opinion. You know like me that people are often worried(see the polls before referenda). That is why the“European speech” should offer a perspective, and not only compound the problem! THE ANSWER: THE LISBON STRATEGY On this part, we can be quicker. Firstly, the Lisbon Strategy process in itself is a well-known topic. Secondly, it is better to focus on the most important problems and not to lose ourselves in bureaucratic details. In fact, there are two versions of the Lisbon Strategy: the original version and the revised version. The original version was adopted at the European Council in 2000 with much hype. The revised version, presented as a more humble one, was adopted in 2005(Bailly, 2005). Unfortunately, in my opinion, the revised version is worse than the original one. The original version(2000) What was basically the original version of the Lisbon Strategy? First, various objectives were defined: economic, social and environmental. They aim at creating an“information society for all”. The economic objective implies the creation of a research and innovation area, the achievement of the internal market and the coordination of the macroeconomic policies. The social objective aims at investing in training and education and at leading an active policy for employment, including the prolongation of professional activity, the modernisation of social protection and the fighting of exclusion. In addition, it has been declared that the change to the knowledge-based society must be done 63