The European Council has approved the new European Union strategy for growth and jobs (Europe 2020), with agreement on education and social inclusion indicators. Heads of state and government also subscribed to the main thrust (“orientations”) of the task force led by Herman Van Rompuy on economic governance to bring tougher budgetary discipline and closer macro-economic surveillance. They also decided that the results of the “stress tests” on the soundness of European banks would be...