In Lisbon back in March 2000, the EU heads of state and government undertook to pursue the strategic objective of turning the Union into "the most competitive and dynamic knowledge-based economy in the world" by 2010. The imminent mid-term review of the Lisbon Process constitutes an opportunity to inject fresh momentum into that strategy by focussing on its growth objectives, specifying the associated measures more precisely and developing a systemic approach that weighs Europe's ambitions against the reality of the situations in its Member States.