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10/22/08

EurActiv.com - EU contemplates 'common market' with Russia

For the complete report from EurActiv.com click on this link

EU contemplates 'common market' with Russia

French President and EU presidency holder Nicolas Sarkozy yesterday (21 October) unveiled a new cooperation strategy with Russia that would build stronger economic links between Europe and its largest Eastern European neighbor

Speaking in the European Parliament in Strasbourg, Sarkozy called Russia "our neighbours" and surprised the audience by alluding to "a common economic space between Russia and the EU". The term recalls the early stages of EU history, which saw the development of a 'common market' that was subsequently renamed the 'single market' in the 1980s. Sarkozy's view of Russia sharing a common economic space marks another step in his attempt to forge a new relationship with Moscow based on trust and tighter integration.

At a recent meeting in Evian, the French president and his Russian counterpart Dmitry Medvedev voiced similar messages about the need to reconstruct Europe's security architecture

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