73-92

• Κορρές, Γιώργος Μ.
• Πολυχρονόπουλος, Γιώργος

The European and Monetary Union is a long story, stated since 19th century. In particular, the former so-called European Economic Community (EEC) established under the Treaty of Rome (1957), with the participation of six Benelux countries, (namely, Belgium, Luxembourg, France, Italy, Germany and Netherlands). One of the main goals of EEC (European Economic Community) was to succeed the free movement of persons, capitals, goods and services, between member states. This was also induced by White Paper (Single European Act) and the Single European Market and finally completed by Monetary Union. This article attempts to review the main steps towards the integrationprocess of the European Union, and paying emphasis on the development and the enlargement process of EU, emphasizing the framework and the reform of regional policy. In particular, it examines the regional policy and the process of convergence and cohesion for the member states.

• Economics and Business

• Economics

European Union, regional policy, cohesion, convergence, development and growth

JEL classification: J10, R11, O52