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EU Social Policy and Monetary Policy The integration of Europe has created a new government that could be labeled as intergovernmental or supranational Most would agree that in reality it is a delicate balance of the two However you can identify specific policies within the EU as more intergovernmental or supranational EU social policy leans more towards the intergovernmental and EU monetary policy would be largely considered supernatural European Union social policy would be considered more intergovernmental mostly by lack of concrete policy In fact most legislation passed in the EU is to promote social issues while leaving out specific policies to do so As far back as The Treaty of Rome signed in 1957 there was a stipulation for equal pay for equal work however this policy was largely ignored and the only reason it was even mentioned was for economic reasons France was worried about unfair competition The 1970s were a time of revolution in the United States and quality of life issues were suddenly in the spotlight The EU was affected by this and was forced to react by promoting both the improvement of life for workers in all of the EU and the equality of benefits for all members of the EU The individual countries biggest concern however was the latter since industry was likely to move to countries with looser standards of benefits to its workers The European Regional Development Fund was agreed upon in 1973 and launched in 1975 The idea was to fund the development of poorer regions in addition to the funds from the national level These funds could only be used to improve infrastructure and promote new jobs and industries However in keeping with the intergovernmental social policy of the EU it was left up to the specific nations what regions would be selected for these funds In 1989 the Social Charter was introduced and although the ideas were large in reality it
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