This study analyzes analyses the five main dimensions in the Europe 2020 strategy, which include the main targets in innovation, employment, education, energy and climate change and poverty reduction. The key themes to be addressed in the study include the strength and weaknesses of the single dimensions of intangible capital investment, the upgrading of European citizen’s skill levels to achieve higher employment rates, the evaluation of qualitative and quantitative education indicators, the feasibility of carbon tariff and proceeds in fixing both environmental and political problems and the interplay between government efficiency and social expenditure for efficient poverty reduction. Furthermore, this study will evaluate whether the indicators chosen in the new “pact” for competitiveness and the European semester overlap with the Europe 2020 strategy and whether there are missing indicators or trade-offs between the chosen indicators.