To cope with the economic crisis, innovation is emerging as a feasible mean of recovery. In fact, is one of the points that takes into account the Lisbon Strategy. Therefore, the Council met on 24 and 25 September and discussed the innovation policy of the EU.

This debate has served to prepare the plan for an European future of innovation that will be launched in the spring of 2010, which is expected to create a common European Research Area

The aim is to create jobs and growth, to make the EU a highly competitive entity in innovation on a sustainable basis. Among the measures envisaged are those to promote synergies and strengthen financial support.

The Commission recently presented a report to the Council assessing progress in this regard and identifying the remaining gaps. The report shows that the most innovative countries in the world - some of which are in the EU - have achieved this position through an above-average education and lifelong learning. They also have increased spending on research and development.

At present, the gap between the EU and its main competitors, who are U.S. and Japan has narrowed. But with emerging and major challenges ahead, as the need to adapt to a low carbon economy, Europe must strive to achieve their intended goals.

Although the economic crisis may reduce the resources available, should be borne in mind that giving priority to investment in research and innovation can move towards sustainable economic recovery.

This debate is specially important this year, which is the European Year for Creativity and Innovation.