|
The
structural funds and the Cohesion Fund operate within the framework
of the Community's structural policy destined to reduce the distance
between the levels of development of the regions and States that
make up the European Union.
Already the Treaty of Rome, back in 1957 was the seed from which
the current European Union sprouted. It established the need to
promote, through the creation of a common market, harmonious development
of economic activities throughout the whole Union.
It was soon clear, however, that the power of the market could not
guarantee the desired cohesion and reduce the differences among
the different regions and States and the Community started involving
itself more and more in the development of a common structural policy.
|