The paper presents an overview of the main developments in the education policy in the EU over the period. The author posits that education policy issues remained high on the agenda of the operational programme both within the Austrian and the Finnish presidency of the EU. The author concludes on the basis of the analyses that the objectives “Education and Training 2010” objectives for the period have been met. The paper argues that the OMC governance framework is effective for the sphere of education, as well as “a step by step” approach ensuring implementation of the long-term objectives through concrete technical, normative, methodological measures and documents.