CONSEQUENCES OF ECONOMICAL CRISIS ON EUROPEAN UNION’S COHESION POLICY

The current global economic crisis is a major challenge for the European Union and requires a rapid response to counter the impacts on the whole economy. On of the measure take to the level of the European Union was accelerating investment project. With a financial envelope of over €350 billion for the period 2007-2013, cohesion policy provides considerable support to public investment by the EU's Member States and regions, The paper aim is to analyses the necessary measure takes in order to speed up the implementation of European Union cohesion policy and to help state tackle the challenge brought by the global economic crisis.