The Analysis of the European Structural Instruments
Abstract
The necessity of decreasing impact of the economic integration on labour, industries, and financial equilibrium in E.U. brought about the implementation of a European regional policy, as a result, ERDF was initiated in 1975.
The successive enlargements of the E.U. determined the growth of the regional socio-economic disparities. To implement the social-economic cohesion policy, the European Commission created the Structural and Cohesion Funds. These funds must support national and regional financial efforts to achieve a steady development for all Member States. After the latest two enlargements, the process of adapting regional policies instruments is supported by the following: ERDF, European Social Fund and European Cohesion Fund.
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