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1972-1983 – Restructuring was supported

Implementation of reforms started at the beginning of the second period. In order to use the funds the most efficiently, they were distributed according to the criteria established by the Community, not according to the guidelines of the member states. The total budget increased significantly.

Economic changes led to restructuring of all sectors of industry. That caused an increasing unemployment and lack of qualified employees.

90% of all funds were allocated to vocational training and assessment of further education. Combating of youth unemployment was also of high importance.

In 1973, the United Kingdom, Denmark and Ireland joined the EEC.

In 1981, Greece joined.