This paper explores "Europeanization of industrial relations" in the European Union, focusing on the development of collective bargaining and/or social dialogue at the European, or supranational, and national levels. Since the "relaunch" of Europe in the mid-1980s, the prospects for the so-called "social Europe" have been dismal according to the dominant views. Contrary to the pessimistic views about the prospects for social Europe, this paper argues that the European Social Partners have constructed a working partnership throughout the 1990s at the intersectoral and sectoral levels. Also, notwithstanding the structural pressures for decentralization of industrial relations in the advanced capitalist countries, the European Union member states have experienced renaissance of neocorporatist tripartite concertation or bilateral social dialogue. This examination supports a more optimistic view about the prospects for social Europe.