This report describes policy cooperation in the Education and Training Area in the European Union (EU) in response to the Lisbon strategy and provides a comprehensive plan to respond to the challenges of the knowledge society, globalization, and the enlargement of the EU. It focuses on these three objectives: (1) improving the quality and effectiveness of education and training systems in the EU; (2) facilitating the access of all to education and training systems; and (3) opening up education and training systems to the wider world. (The following goals should be achieved in education and training by 2010: (1) Europe will be recognized as a world-wide reference for the quality and relevance of its systems and institutions; (2) systems in Europe will be compatible enough to allow citizens to move between them and to take advantage of their diversity; (3) holders of qualifications, knowledge, and skills acquired anywhere in the EU will be able to get them effectively validated throughout the Union for the purpose of career and further learning; (4) Europeans of all ages will have access to lifelong learning; and (5) Europe will be open to cooperation for mutual benefits with all other regions and should be the most-favored destination of students, scholars, and researchers from other world regions.) Includes a timetable to start follow-up work for objectives, a model to be used in the follow-up of quantitative indicators, and illustrative statistical data. (MO)