This article starts with a brief review of the European Employment Strategy
(EES) and a general evaluation of its scope and limitations, then provides an
assessment of the five-year review conducted by the European Commission. It
examines the new form that has been given to the EES for the 2003 exercise, on
the basis of the conclusions drawn from the five-year review. It argues that
this change involves more than mere presentation, but fails to address the
inherent limitations of the EES as currently constituted. Lastly, the article
compares the employment guidelines with the original proposals made by the
Commission, and draws conclusions regarding the balance of interests and forces
in the policy-making process.