It is crucial that the Lisbon objectives be implemented, in order to prepare Europe's economy for the future. The progress made towards meeting these goals can be promptly measured using our Lisbon Indicator. At present, the indicator is returning disappointing results, suggesting that much work remains to be done. Realization of the Lisbon agenda would also cause Europe to become more unified. Although this closer integration, together with greater economic correlation, would gradually reduce the need for national policies to stabilize the domestic economy, the Stability and Growth Pact remains indispensable, due to the unique structure involving uniform monetary policy in the euro area alongside what are currently 12 national fiscal policies.