Structural Instruments within 2007-2013 Financial Perspective

Abstract

The present paper illustrates the essential objective of the European Union, the economic and social cohesion that can be achieved through Structural Funds.

Nowadays, Structural and Cohesion Funds are financial instruments used by the EU to eliminate economic and social disparities between regions to achieve economic and social cohesion. Cohesion Fund helps the Member States with a gross national product (GNP) per capita of less than 90% of EU average to reduce differences in economic and social development levels and to stabilize their economies.

For the programming period of 2007-2013, the European Social Fund interventions aim is to support the Member States to anticipate and effectively manage economic and social changes. The European Regional Development Fund is reflected in financing productive investments and infrastructure in order to ensure sustainable development.