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. In order to implement the social-economic cohesion policy, the European Commission created the Structural and Cohesion Funds. These funds have to support national and regional financial efforts in order 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.
Keywords: Structural Funds, economic integration, ERDF, ESF, ECF
JEL Clasification: R11, R58
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