Through the revision of the Lisbon strategy in 2005, further strengthening of R&D policy as part of a reform agenda geared towards more growth and jobs. Following that, all Member States have in their National Reform Programmes now established targets for R&D expenditure, tailored to their specific situations (see Figure), which, if they were met, would in 2010 lead to an EU R&D intensity of 2.6% gross domestic product.
Greece's R&D Intensity was at 0.6% at 2004 (EU-25 average: 1.8%) and ranked 21st in EU-25. The target for 2010 is set to 1.5% (EU-25 estimate: 2.6%). Notably, Sweden and Finland were at 3.8% and 3.4% respectively with 2010 targets of 4%.
Read more here (dated: 4 Apr 2007)