The council adopted conclusions on investing in education and training in response to the Commission Communication on 'Rethinking education'.
It also held a policy debate on 'Education and Skills for Jobs, Stability and Growth' in the context of the European Semester.
Europe needs a radical rethink on how education and training systems can deliver the skills needed by the labour market. The challenge could not be tougher in the context of widespread austerity measures and cuts in education budgets.
Today, the European Commission is launching a new strategy called Rethinking Education to encourage Member States to take immediate action to ensure that young people develop the skills and competences needed by the labour market and to achieve their targets for growth and jobs.
This annual report provides data from 34 countries including 21 EU Member States on performance in education. It provides information on the state of play in education, including the financial and human resources invested, student-teacher ratios, teaching hours, graduate numbers and results, access, participation and progression in education as well as data on the learning environment and organisation of schools. New indicators focus on the effect of the global economic crisis on education expenditure and the impact of education on macroenonomic outcomes such as GDP.