In discussing the Lisbon Strategy, we pose the following question: why has the Lisbon Agenda only limited success? One reason may be the institutional setting. The high priority that is given to fiscal and monetary stabilisation policies is reflected in the existence of sanctions if the members of the Euro Area do not meet the Maastricht criteria. In contrast, the low priority given to the Lisbon strategy can be seen in the absence of institutions to enforce the achievement of targets. .
