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Mikhail Gorbachev - As far as the economic content of...
As far as the economic content of the common European home is concerned, we regard as a realistic prospect - though not a close one - the emergence of a vast economic space from the Atlantic to the Urals where Eastern and Western parts would be strongly interlocked. In this sense, the Soviet Union's transition to a more open economy is essential; and not only for ourselves, for a higher economic effectiveness and for meeting consumer demands. Such a transition will increase East-West economic interdependence and, thus, will tell favorably on the entire spectrum of European relations. (Mikhail Gorbachev)

As far as the economic content of the common European home is concerned, we regard as a realistic prospect - though not a close one - the emergence of a vast economic space from the Atlantic to the Urals where Eastern and Western parts would be strongly interlocked. In this sense, the Soviet Union's transition to a more open economy is essential; and not only for ourselves, for a higher economic effectiveness and for meeting consumer demands. Such a transition will increase East-West economic interdependence and, thus, will tell favorably on the entire spectrum of European relations.

Mikhail Gorbachev

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atlantic close common consumer content economy effectiveness emergence entire essential european far home increase interdependence meeting open prospect regard sense space spectrum tell thus transition vast western relations higher soviet parts

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